Swingline

Last Updated: Jun 7, 2019

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Swingline Loans are short-term loans (generally not more than a week in tenor) extended under a Sub-Limit within a larger, syndicated revolving credit facility; and are generally available to the Borrower on shorter notice. Swingline Loans are most often extended by the agent or a single, dedicated lender on behalf of the lenders in a larger, syndicated revolving credit facility in order to eliminate the time and inconvenience associated with the frequent settlement of loans among the lender group.