Also known as a revolving credit facility, revolving loan, and revolver. A committed loan facility allowing a borrower to borrow (up to a limit), repay, and re-borrow loans. This contrasts with term loans that cannot be reborrowed once paid. Typically, these loans can only be reborrowed if:

Revolving credit loans are not amortized, although the commitment amount may be reduced. However, any amounts outstanding under these loans are usually (other than swingline loans) paid on the maturity date. For more information on revolving credit loans, see: