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

The company had to draw $2.15 billion from its revolving credit facility to pay Netflix a $2.8-billion termination fee that Warner Bros.

From Los Angeles Times • May 4, 2026

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

The agency noted that the acquisition, if completed, “will result in materially higher leverage,” citing Paramount’s $58 billion debt commitment—which includes an existing $3.5 billion revolving credit facility—to fund the acquisition.

From Barron's • Mar. 19, 2026

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

Targa will fund the acquisition using cash on hand and its existing $3.5 billion revolving credit facility.

From The Wall Street Journal • Dec. 1, 2025