revolving credit

(redirected from Revolving line of credit)
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Related to Revolving line of credit: Revolving credit facility, Term loan
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Synonyms for revolving credit

References in periodicals archive ?
We have worked closely with PFG on two previous financings and this revolving line of credit facility is similar to the revolving line of credit facility we entered into with PFG in December 2004.
Proceeds from the revolving line of credit are expected to be used for working capital and general corporate purposes in addition to the opportunistic purchase of hotels in the future.
Availability under this secured revolving line of credit is limited to a borrowing base of 85% of eligible accounts receivable, less certain reserves.
4m with a provider of facilities maintenance services, Pristine Environments Inc, in McLean, Virginia with the facility comprising of a senior revolving line of credit and a senior term loan, the proceeds of the facility will partly finance an acquisition and be used for working capital.
Jones, President and Chief Executive Officer of Encore Wire Corporation, said, "We expanded our revolving line of credit to keep pace with the growth of Encore Wire and to meet the increased working capital requirements our industry is experiencing.
The revolving line of credit may be used to provide working capital for exploration and production operations, and to acquire proven producing oil and gas properties.
Additionally, the company said that the credit facility comprised a USD275m revolving line of credit and USD80m term loan that replaced a USD100m and USD126m revolving line of credit and term loan maturing April 2012 and April 2014, respectively.
This new revolving line of credit provides Corgenix with a very favourable interest rate, much greater flexibility, better inventory line of credit and has an initial funding of approximately USD1.
for a revolving line of credit of up to $4 million, which will supplement the existing line of credit provided by Silicon Valley Bank.
This credit facility consists of a USD20m revolving line of credit provided by Silicon Valley Bank plus a USD12.
5 million bank revolving line of credit with a two year $5.
BB:ISEC) on Tuesday announced an increase in its revolving line of credit with Crestpark LP Inc, its primary lender and holder of the outstanding preferred stock, to USD1,468,788.
0 million revolving line of credit with Citibank, Texas N.