Evergreen facility: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Expand definition.) |
||
Line 1: | Line 1: | ||
An evergreen facility is a facility whose final maturity may be extended periodically by the borrower, with the lender's agreement, for a further term (normally a year at a time). | An evergreen facility is a borrowing facility whose final maturity may be extended periodically by the borrower, with the lender's agreement, for a further term (normally a year at a time). | ||
Revision as of 06:49, 7 August 2019
An evergreen facility is a borrowing facility whose final maturity may be extended periodically by the borrower, with the lender's agreement, for a further term (normally a year at a time).