term loan

noun

noun

Business, Finance A monetary loan that is repaid in regular payments over a set period of time.

The debt is split between $6.5bn of term loans, as well as $6bn of senior and junior bonds and a $500mn revolver.2023 December 16, “Musk told lenders they would not lose money on Twitter deal”, in FT Weekend (Companies & Markets section), London: The Financial Times Ltd., →ISSN, →OCLC, page 10:

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