Question
Which of the following statements correctly describe the features of a revolving credit facility?
Which of the following statements correctly describe the features of a revolving credit facility?
i. The borrower is sanctioned a credit limit for the commitment period. ii. Funds can be drawn, repaid, and re-borrowed multiple times during this period. iii. It sometimes includes an option to convert into a term loan at maturity. iv. It requires repayment in a fixed number of equal installments like a standard term loan.
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