Evergreen credit

(redirected from evergreen facility)
Also found in: Dictionary.

Evergreen credit

Revolving credit without maturity.

Evergreen Credit

A revolving line-of-credit without a maturity date. As with other revolving lines-of-credit, the borrower may take and repay funds as needed up to a certain limit. See also: Evergreen loan.
References in periodicals archive ?
Shaw's Evergreen facility is part of a system of efficient post-consumer carpet collection, recycling, and value recovery on a large scale.
This evergreen facility provides $300 million of availability to finance new vehicle inventory manufactured by Ford Motor Company and its affiliates.
The Evergreen facility includes production offices and additional Avid edit suites.