Ares Capital may reborrow
under its debt facilities for general corporate purposes, which include investing in portfolio companies in accordance with its investment objective.
Revolving credit gives businesses the flexibility to pay a fee to access a certain amount of cash and reborrow
the funds once they have been repaid.
In a revolver, however, the company can borrow, repay and reborrow
as needed over the life of the loan facility.
For example, one of Benussi's clients had an all-in-one joint mortgage and bank account, which allows you to reborrow
what you've already paid off your mortgage.
If Emporium wanted the money, it had to reborrow
the money from Fleet, he said.
The government can reborrow
funds in the bond market to pay back Social Security when that becomes necessary.
Or it will seize the opportunity created by failing interest rates to refund your principal prematurely and reborrow
the money at a lower cost, as is possible with corporate bonds.
A feature in a loan that provides the borrower with the option to make multiple borrowings up to a specified maximum amount, to repay portions of previous borrowings, and to then reborrow
under the same loan.
She and her husband bought a house with a pounds 90,000 offset mortgage account with the Woolwich, which allows you to reborrow
anything you've already paid off if the need arises.
A borrower who cannot repay an initial title loan must reborrow
or risk losing the title to their vehicle.
Net proceeds may be used by the company to reduce indebtedness outstanding under its credit facility, reborrow
under its credit facility as well as fund future acquisitions.
Net proceeds from the offering, including any proceeds received from an exercise of the underwriters' option to purchase additional common units, may be used by the company to reduce indebtedness outstanding under its credit facility as well as reborrow
under its credit facility to fund future acquisitions.