A loan or advance under a revolving facility that is drawn by a borrower to repay a loan or advance under that facility which is maturing. The new loan will only be a rollover loan if it is:

Many revolving facilities entered into prior to 2009 are documented so that a rollover loan is effected by the borrower repaying the maturing loan to the lenders and redrawing a new loan in the same currency as and in an amount equal to or less than the maturing loan. In practice, such rollover loans are often effected by book entry only. Following the insolvency of Lehman Brothers, many facility agreements now expressly provide for cashless rollovers.