Revolving Credit Facility
A revolving credit facility lets a borrower draw, repay, and redraw funds up to current availability during a defined commitment period.
Revolving credit facilities let qualifying borrowers draw, repay, and redraw within a commitment, subject to availability and agreement terms.
A revolving credit facility is flexible bank funding in which repaid principal normally restores borrowing capacity during the availability period. The guide separates total commitment from current availability and explains borrowing bases, letters of credit, swingline usage, pricing, covenants, and maturity risk.
Names such as revolving bank facility, revolving loan, revolver, and revolving line of credit can describe similar arrangements. Always use the governing agreement to confirm redraw rights, commitment status, permitted uses, collateral requirements, and conditions to each advance.
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A revolving credit facility lets a borrower draw, repay, and redraw funds up to current availability during a defined commitment period.