A revolving credit line allows borrowers to draw down, repay, and reborrow

A revolving credit line allows borrowers to draw down, repay, and reborrow 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). Revolvers to speculative-grade issuers are often tied to borrowing-base lending formulas. …

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