A „super senior revolving facility agreement” is a type of loan agreement designed for businesses that require a revolving line of credit with a higher level of security. This type of loan agreement is typically used by larger companies with strong credit ratings and a proven track record of financial stability.
The term „super senior” refers to the fact that this type of loan is considered the most senior form of debt in a company`s capital structure. This means that in the event of insolvency, the lenders who provided the super senior revolving facility loan will be the first to be paid back.
The „revolving” aspect of the loan means that the borrower can draw down and repay the loan multiple times, up to an agreed-upon credit limit...
Daugiau