revolving credit agreement

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

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This new facility replaces a $300 million Revolving Credit Agreement that was set to mature in June 2012.
Unified Expands Credit Line by $25 Million Unified Grocers ("Unified" or the "Company"), the largest wholesale grocery distributor in the western United States, announced that it has exercised a provision in its current revolving credit agreement that increases the total committed funds available to the Company from $250 million to $275 million.
The new facility replaces Progress Energy's existing $250 million, 364-day revolving credit agreement and $450 million, three-year revolving credit agreement, both of which were set to expire in November 2004.
Mentor Graphics Corporation (NASDAQ:MENT) announced today that it had entered into a new $125 million unsecured revolving credit agreement (the "New Revolver") with a syndicate of banks led by Bank of America, N.
12 /PRNewswire/ -- TRINOVA Corporation (NYSE: TNV) announced today that it has executed a five-year $175,000,000 revolving credit agreement with a consortium of banks.
The largest exposures have amounted to approximately 10% of the revolving credit agreement.
LOUIS, July 18 /PRNewswire/ -- McDonnell Douglas today announced it has signed a new four-year revolving credit agreement for $1.
Lear's revolving credit agreement gives the company healthy liquidity, crucial during the currently volatile environment being experienced by the industry.
Kirby's established bank revolving credit agreement will provide funding for the transaction.
The Delta Credit Facility is established under a secured, syndicated, revolving credit agreement with Wells Fargo Bank, National Association as the administrative agent, arranger, and lender.
GENESCO also announced it has entered into an amendment to its revolving credit agreement with a group of seven banks.
Velocity Express Corporation (NASDAQ: VEXP) the nation's largest provider of time definite regional delivery solutions, today announced the expiration of its previously announced consent solicitation to permit the Company to enter into the proposed new senior secured revolving credit agreement and amend the Indenture dated July 3, 2006, pursuant to which it issued its 12% Senior Secured Notes due 2010 (CUSIP No.