Swingline Loan

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Swingline Loan

A large loan that a company may take out in order to repay other debts. A swingline loan is much like a line of credit or a demand loan, but differs in that it must be used to repay outstanding debt. See also: Refinancing, Debt consolidation.
References in periodicals archive ?
has developed a winder for either wide sheeting or narrow films on center, a configuration that is said to be well suited to geomembrane/agricultural-film swing lines.
Two 450KTA swing lines will manufacture LLDPE/HDPE and include the latest XCAT[TM] Metallocene Catalyst technology.
Alpine swing lines run both high and low-stalk with fast changeover.