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There are two principal types of term loans: an amortizing term loan and an institutional term loan. An amortizing term loan (A-term loan or TLA) is a term loan with a progressive repayment schedule that typically runs six years or less. These loans are normally syndicated to banks along with revolving credits as part of a larger syndication.
A revolving loan is a particularly flexible financing tool as it may be drawn by a borrower by way of straightforward loans, but it is also possible to incorporate different types of financial accommodation within it – for example, it is possible to incorporate a letter of credit, a swingline (that is, a short-term borrowing that is funded on ...
A warehouse line of credit is a credit line used by mortgage bankers. It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans. The cycle starts with the mortgage banker taking a loan application from the property buyer.
The new revolving credit facility will support Sonoco’s $500 million commercial paper program. The company had also announced a $150 million accelerated share buyback program in May. BofA ...
In addition, our revolving credit facility has an accordion option, allowing us to request additional lender commitments of up to $1 billion. In terms of leverage, our total debt is currently $17. ...
We paid down $200 million of existing term loan principal due in 2029. And we upsized the capacity of our revolving credit facility by $150 million to $650 million and extended its maturity for a ...
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