Search results
Results from the WOW.Com Content Network
In some cases, the borrower is required to pay a fee to the lender for any money that is undrawn; this is especially true of corporate bank revolving-credit loans. A revolving loan provides a borrower with a maximum aggregate amount of capital, available over a specified period of time. Unlike a term loan, the revolving loan allows the borrower ...
EAD is equal to the current amount outstanding in case of fixed exposures such as term loans. For revolving exposures like lines of credit, EAD can be divided into drawn and undrawn commitments; typically the drawn commitment is known whereas the undrawn commitment needs to be estimated to arrive at a value of EAD.
The $600 million refinancing consists of a $300 million term loan and a $300 million undrawn revolving credit facility. In addition, the facility includes a $150 million uncommitted accordion ...
For revolving exposures, EAD should take into account any undrawn commitments. For corporate, sovereign or bank exposures, LGD and EAD estimates should be based on a full economic cycle and must not be shorter than a period of seven years.
Finally, we currently estimate that we should end the year with liquidity in the $1.35 billion area, including the approximately $576 million capacity of our undrawn revolving credit facility ...
We closed the June quarter with $2.9 billion in available liquidity, including our undrawn revolving credit facility with cash and cash equivalents totaled $1.4 billion, net debt decreased 11% to ...
We closed the September quarter with $2.7 billion in available liquidity, including our undrawn revolving credit facility. Inventory increased to $1.4 billion, including material that we are ...
A revolving credit line allows borrowers to draw down, repay and reborrow as often as necessary. The facility acts much like a corporate credit card, except that borrowers are charged an annual commitment fee on unused amounts, which drives up the overall cost of borrowing (the facility fee).