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revolving credit agreement

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Revolving credit agreement
A legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period.
revolving credit agreement
See line of credit.
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signed a new $1 billion revolving credit agreement last week that "requires the company and certain of its material subsidiaries to pledge substantially all of their assets to secure performance of the company's obligations under the credit agreement," according to a filing with the Securities & Exchange Commission.
Tyson foods pledges assets to secure credit by Arkansas Business
revolving credit agreement and the EXCO Operating Company, LP revolving credit agreement completed their regular semi-annual redetermination of the borrowing bases under each credit agreement to equal $850 million, resulting in an aggregate borrowing base of $1.
EXCO Resources Announces Redetermination of Borrowing Bases by Business Wire
of Springdale has entered a five-year, $1 billion unsecured revolving credit agreement and terminated a five-year credit agreement dated Sept.
Tyson enters $1 billion revolving credit agreement by Arkansas Business
 
 
 
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