term loan

Also found in: Acronyms.

Term loan

A bank loan, typically with a floating interest rate, for a specified amount that matures in between one and ten years, and requires a specified repayment schedule.

Term Loan

A loan from a bank with a floating interest rate, the total amount of which must be paid off in a certain period of time. An example of a term loan is a loan to a small business to buy fixed assets, such as a factory, in order to operate. The length of a term loan varies between one and 10 years, depending on the loan agreement.

term loan

a form of BANK LOAN made for a fixed time period at a predetermined rate of interest.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

term loan

A loan with a maturity date but no amortization.One pays the interest monthly, quarterly,or annually,as required by the lender,but the principal is not due until maturity.Term loans of short duration,usually less than one year,may be set up as single pay loans.In that case,principal and all accrued interest are paid at maturity.

References in periodicals archive ?

This term loan facility has a maturity of eight years.

Ramirent announces signing of intercompany term loan facility agreement with Loxam for up to EUR500m

The Term Loan Facility contemplates a single syndicated amortizing term facility, which may have multiple tranches, maturing as early as three years following the funding date.

TPHL secures USD 720m in conditional term loan commitments

The TSSP term loan facility will be available to the company in three tranches:

TherapeuticsMD Signs Binding Commitment Letter for USD 300m Non-Dilutive Term Loan Financing Facility with TPG Sixth Street Partners

is the administrative agent and collateral agent for the Credit Facility under which the Replacement Term Loan B Facility was borrowed.

Sabre announces Term Loan B refinancing

It aims to use proceeds of such a new term loan facility, together with a draw under the company's ABL facility, to repay in full all indebtedness outstanding under the existing term loan facility.

MRC Global to refinance USD414m in outstanding principal amount of senior secured term loans

The extensions come as iHeart hasamended the private offers to lenders under itsTerm Loan D and Term Loan E facilities.

Another Extension For iHeart Exchange Offers

Upon closing, the new Tranche B 2024 Term Loan will bear interest at LIBOR plus 2.25 percent, with a zero percent minimum LIBOR, and will mature on February 22, 2024.

Level 3 refinances USD 4.61bn senior secured credit agreement

Court of Appeals for the Second Circuit held that JPM's UCC-1 financing statement covering the term loan collateral was, in fact, terminated even though the UCC-3 termination referencing that UCC-1 was filed by mistake.

Triumph over a secured lender: how a Mistaken Termination of a UCC Financing Statement Rendered the Lender Unperfected in Its Collateral

The transactions are expected to include the amendment and restatement of Rite Aid's existing revolving credit facility: refinancing of the company's $1.04 billion tranche 2 term loan due in 2013 with the proceeds of a new term loan coupled with borrowings under the amended revolving credit facility: cash tender offers for Rite Aid's $1.06 billion aggregate principal amount of various senior secured notes and debentures, with the proceeds from new first and/or second lien term loans, coupled with borrowings under the amended revolver and available cash.

Rite Aid commences debt refinancing transactions

Perth, Australia, Oct 18, 2012 - (ABN Newswire) - Atlas Iron Limited (ASX:AGO) (PINK:ATLGF) is pleased to announce that it has secured a fully underwritten commitment for a funding facility of US$325 million ("Term Loan") as part of its strategy to grow its North Pilbara iron ore production.

Atlas Iron Limited (ASX:AGO) Atlas Secures 12MTPA Growth Strategy with US $325M Loan

Wholly owned subsidiary of American International Group Inc (NYSE:AIG) and independent aircraft lessor International Lease Finance Corporation (ILFC) on Monday announced that it plans on raising a new senior secured term loan of USD550m.