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 ?
Owens Realty Mortgage Inc (NYSE American:ORM) on Thursday reported that it signed a Second Amended and Restated Credit Agreement with ZB NA dba California Bank & Trust as administrative agent, swing-line lender and a lender and First Bank and Umpqua Bank as additional lenders (the Restated Credit Agreement).
Recent exhibits on Matisse and Picasso, Andy Warhol and Ansel Adams have drawn thousands of visitors to the converted Swing-line stapler factory that has been MOM, s home since renovations began on its midtown Manhattan space in 2002.
The credit facility consisted of a SEK600m 5-year revolving credit facility and a SEK1.5bn 364-day extendable multi-currency revolving credit facility with a Swedish krona swing-line option.