Evergreen facility: Difference between revisions
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An evergreen facility is | An evergreen borrowing facility is one whose final maturity may be extended periodically by the borrower, with the lender's agreement, for a further term (normally a year at a time). | ||
Revision as of 08:06, 7 August 2019
An evergreen borrowing facility is one whose final maturity may be extended periodically by the borrower, with the lender's agreement, for a further term (normally a year at a time).
