Swingline facility

Bank borrowing facility to provide finance while the firm replaces U.S. commercial paper with eurocommercial paper.

Similar financial terms

Note issuance facility (NIF)
An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets.

Multi-option financing facility
A syndicated confirmed credit line with attached options.

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Participating fees

The portion of total fees in a syndicated credit that go to the participating banks.


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