Term Loan

By December 30, 2021January 8th, 2022No Comments

A financing facility, typically with a maturity greater than 3 years, with an agreed availability period (when the funds may be drawn) and a predetermined repayment schedule / arrangement. Amounts drawn under term loans may not be redrawn following repayment. Term loans are not typically repayable on demand. An Event of Default is required before the lender(s) may require immediate repayment.