Finance Deals & Syndicated Lending · glossary
A new revolver loan drawn on the day an old one is due, to repay it, so only the difference changes hands. The lenders can refuse it only for an Event of Default, so a small slip cannot cut off working capital. Definition: Rollover Loan · Chapter 3 · Chapter 5
Explained in Chapter 3, Facilities and Their Flavours, of Finance Deals & Syndicated Lending.
In practice, Atlas does not repay a loan and borrow the same sum back on the same day. It asks for a Rollover Loan: a new Facility B loan, made on the day an old one is due, to refinance it (definition). The new loan cancels out the old one, and only any difference changes hands.Read Chapter 3, Facilities and Their Flavours →
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one or more Facility B Loans made or to be made on the same day that a maturing Facility B Loan is due to be repaid, in an aggregate amount equal to or less than the maturing Loan, and made for the purpose of refinancing that maturing Loan;Read the definition in the document →
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