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Blockbuster is also working to revamp a term loan due in August, Mr. Keyes said.
Banks agreed to a $1.3 billion term loan to replace credit facilities expiring in 2005.
Usually the term loan is retired by systematic repayments (amortization payments) over its life.
The credit facility provides for a $50 million revolving credit facility and $490 million term loan.
There was to be a period of five years where the money was there to do whatever project we wanted – loan money, long-term loan money, short term loan money – you name it.
Term loan versus line of credit.
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"It can be a long-term loan.
The miniature rooms are on long-term loan.
The book is on long-term loan to the library.
For a long-term loan, this would be pricey.
The short-term loan is due on Nov. 30, 2012.
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