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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Otelco indicated in its Q1 earnings release that it planned to make a voluntary prepayment on its debt held by CoBank, ACB, as Administrative Agent, Issuing Lender and Swing Line Lender.
Credit Agreement, dated as of May 13, 2008, as amended and restated as of February 23, 2011 (as further amended or supplemented from time to time),by and among iHeartCommunications, as the parent borrower, the subsidiary co-borrowers and foreign subsidiary revolving borrowers party thereto,iHeartMedia Capital I, LLC, as a guarantor, Citibank, N.A., as administrative agent, swing line lender and letter of credit issuer, and the other the lenders from time to time party thereto governing iHeartCommunications' Term Loan D and Term Loan E facilities
As a result of the aggregate outstanding principal amount of the Notes being less than USD 50 million, pursuant to the credit agreement governing the company's revolving credit facility and term loan facilities, the "springing maturity date" is no longer applicable, meaning that (1) the scheduled maturity date of the revolving credit commitments will be the earlier of (x) January 15, 2019, and (y) the date of termination in whole of the revolving credit commitments, the letter of credit sublimit, and the swing line facility, and (2) the company's term loan facilities will mature on April 23, 2019, unless earlier repaid or refinanced.
To avoid the nuisance of lenders funding draws on a daily basis, one lender might have the role of "swing line lender" and fund advances pending a weekly settlement.
Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner and Smith Incorporated served as lead arrangers and bookrunners on the revolving credit agreement, with Wells Fargo Bank, National Association serving as administrative agent, L/C issuer and swing line lender, with Bank of America, N.A.
The new 'Swing Line' IML concept has been designed for the decoration of thin-wall packaging products.
Finally, the folks at AirForce have decided to make the lives of PCP owners a little easier with their new Swing Line fill clamp.
the available US swing line that does not have a MAC clause, which is
In addition to standard loan arrangements such as revolving credit lines and term loans, syndicated loans frequently include other credit products, such as letters of credit and swing line loans.
Nanning Qiaohong New Materials Co., Ltd, is a Chinese company in Nanning operating a 2.1 meter-wide Full Swing Line which mainly produces wipes, feminine hygiene products and other care products for the Chinese market.
SWING LINE: Instead of the pull down door of a traditional oven, this Gallery convection wall oven features a side-swing door that makes it easier for wheelchair-bound individuals or users with bad backs to access the interior.