swingline facility

swingline facility
USA
A swingline facility is a sub-limit of a syndicated revolving credit loan whereby a lender makes a short term (operating not more than five days) loan, in smaller amounts, on shorter notice and with a higher interest rate than is otherwise available for revolving credit loans. The purpose is to support the borrower's cash management needs.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

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  • swingline loan — swingline bank facility …   Accounting dictionary

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  • Линия Свиглайн Фэсилитьи — англ. swingline facility кредитная линия, обеспечивающая заемщику возможность перекрывать разницу во времени, которая образуется при чередовании операций, связанных с переходом с национального на международный рынок, и наоборот. Словарь бизнес… …   Словарь бизнес-терминов

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