Revolving credit facility (RCF)
A committed bank facility the borrower can draw, repay and draw again during its life, used by most defence primes as a liquidity backstop.
Example. Lockheed Martin's US$3.0bn revolving credit facility (2022).
See also: Bookrunner · Delayed-draw term loan (DDTL)
Randeep Bubbra | Lawyer | Making defence financeable