revolving credit

American  

noun

1. credit automatically available up to a predetermined limit while payments are periodically made.

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revolving credit British  

noun

1. a letter of credit for a fixed sum, specifying that the beneficiary may make repeated use of the credit provided that the fixed sum is never exceeded

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Etymology

Origin of revolving credit

First recorded in 1915–20

Example Sentences

In addition to the fundraising, OpenAI said Tuesday it had expanded its existing revolving credit facility to about $4.7 billion.

From MarketWatch • Mar. 31, 2026

If completed, Fitch expects the deal to drive leverage up significantly, noting Paramount’s $58 billion debt commitment—which includes an existing $3.5 billion revolving credit facility—to fund the acquisition.

From The Wall Street Journal • Mar. 3, 2026

The streamer has entered into a $5 billion unsecured revolving credit facility and two $10 billion senior unsecured delayed-draw term loan facilities, consisting of a two-year facility and a three-year facility.

From Barron's • Dec. 22, 2025

The revolving credit facility will mature three years after the Warner Bros. deal closes, three years after the deal is terminated, or by Dec. 19, 2030–whichever occurs earliest, according to the filing.

From The Wall Street Journal • Dec. 22, 2025

The company plans to retire the shares of the common stock and fund the TKO share purchase using some $150 million from a revolving credit facility, according to the filings.

From Los Angeles Times • Apr. 8, 2024