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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

revolving credit agreement

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Hecla Mining reported preliminary Q2 production results, changes to its revolving credit agreement and its hedge position for gold and silver.
Net proceeds will be used to redeem a total of USD864.5m of Herc's outstanding senior secured second priority notes, to partly repay outstanding debt under its asset-backed revolving credit agreement (the ABL Credit Facility) and to pay related fees and expenses.
Approximately USD 67.5m of the proceeds was used to pay down A and S's equipment debt and capital leases, and the balance was used to pay transaction expenses, to reduce borrowings under the company's revolving credit agreement, and to provide additional liquidity.
In affirming at 'Bsf' rather than downgrading to 'CCCsf' or below, Fitch has considered qualitative factors such as Navient's ability to call the notes upon reaching 10% pool factor, and the revolving credit agreement in place for the benefit of the noteholders.
BANKING AND CREDIT NEWS-December 11, 2018-UMH Properties renews/expands unsecured revolving credit agreement
Samson also said on Monday that its borrowing base under its senior secured revolving credit agreement has been reaffirmed by its lender group for $6.5 million after its regularly scheduled redetermination process.
International Resource News-December 21, 2017--Sandstorm Gold amends revolving credit agreement
Net proceeds may be used by the company to repay amounts borrowed under a senior unsecured 364-day revolving credit agreement as well as general corporate purposes.
The state-owned firm said the first loan is worth $7 billion in US dollars while the second is a $3-billion Islamic loan in Saudi riyals in a revolving credit agreement.
MSCI also announced today that it has entered into a new USD200 million senior unsecured revolving credit agreement. Interest on the advances under the agreement will accrue at an annual rate based on LIBOR or the base rate plus, in each case, an applicable margin.