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Dictionary by pitch.dog
Debt, credit & capital structure · Core

Revolving credit facility

Also called: revolver, RCF

ELI5

A facility allowing borrowing, repayment and re-borrowing up to an agreed limit.

Used in conversation

“Finance will reconcile revolving credit facility before the board pack goes out.”

Pitch context

You will see “Revolving credit facility” in financial models, budgets, board packs and investor materials when the discussion reaches debt, credit & capital structure.

Why it matters: In debt, credit & capital structure, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 9

Direct term-level sources and supporting source families.