Document background
The Revolving Credit Agreement is a crucial financing document used when businesses require flexible access to credit under Singapore law. It enables borrowers to draw down funds up to a predetermined limit, repay, and reborrow as needed throughout the facility period. This agreement type is particularly valuable for managing working capital, supporting business expansion, or funding ongoing operations. The document comprehensively addresses facility terms, interest calculations, security requirements, and compliance with Singapore's banking regulations and MAS guidelines. It's commonly used by both financial institutions and corporate borrowers seeking to establish a reliable source of recurring credit.
