term loan

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Term loan

A bank loan, typically with a floating interest rate, for a specified amount that matures in between one and ten years, and requires a specified repayment schedule.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Term Loan

A loan from a bank with a floating interest rate, the total amount of which must be paid off in a certain period of time. An example of a term loan is a loan to a small business to buy fixed assets, such as a factory, in order to operate. The length of a term loan varies between one and 10 years, depending on the loan agreement.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

term loan

a form of BANK LOAN made for a fixed time period at a predetermined rate of interest.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

term loan

A loan with a maturity date but no amortization.One pays the interest monthly, quarterly,or annually,as required by the lender,but the principal is not due until maturity.Term loans of short duration,usually less than one year,may be set up as single pay loans.In that case,principal and all accrued interest are paid at maturity.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The amendments provide for a new $335M tranche of term loans for a total amount of term loans outstanding as of today of $1,228,250,000.
Trinidad Petroleum Holdings Limited (TPHL) has announced it has received commitments of up to US 720 million in term loans from a syndicate of banks led by Credit Suisse AG, Cayman Islands Branch as Global Coordinator, the company said.
Healthcare services company Community Healthcare Trust Incorporated (NYSE:CHCT) stated on Monday that it has amended its credit facility to USD325m with a USD150m revolving facility and USD175m in term loans under its credit facility.
The taxpayer in the FAA had incurred costs when it entered into a credit agreement to borrow term loans from a group of lenders.
(NYSE: MRC), a global distributor to the energy industry, is introducing an effort to refinance the company's USD414m in outstanding principal amount of senior secured term loans under its existing term loan B, scheduled to mature in November 2019.
On March 15, iHeartCommunicationscommenced private offers to eligible lenders under its Term Loan D and Term Loan E facilities to amend the existing term loans and exchange them for new securities of iHeartMedia and CC Outdoor Holdings and/or iHeart Communications.
has completed the marketing of the refinancing of all of its outstanding USD 4.61bn senior secured term loans through the issuance of a new Tranche B 2024 Term Loan in the amount of USD 4,610,500,000, the company said.
US broadband provider Charter Communications Inc (NASDAQ: CHTR) said that on September 12 its CCO Safari unrestricted subsidiary entered into a term loan G senior secured credit facility pursuant to the terms of the Charter Communications Operating LLC amended and resaid credit agreement, providing for USD 3.5bn of term loans.
The transactions are expected to include the amendment and restatement of Rite Aid's existing revolving credit facility: refinancing of the company's $1.04 billion tranche 2 term loan due in 2013 with the proceeds of a new term loan coupled with borrowings under the amended revolving credit facility: cash tender offers for Rite Aid's $1.06 billion aggregate principal amount of various senior secured notes and debentures, with the proceeds from new first and/or second lien term loans, coupled with borrowings under the amended revolver and available cash.
Travelport Limited, a US-based travel company, has entered into an agreement in principle with lenders holding term loans due March 27, 2012.
Part of the net proceeds of the new term loan has been contributed or loaned to Intelsat Jackson's indirect subsidiary, Intelsat Corporation, which has used the funds to repay all existing indebtedness under Intelsat Corp's existing senior secured credit facilities, including approximately $1.8 billion of term loans, and to redeem all of the $580.7 million aggregate principal amount outstanding of Intelsat Corp's 9 1/4% Senior Notes due in 2016.