The Determinants of Contract Terms in Bank Revolving Credit Agreements

The paper examines the determinats of contract terms on bank revolving credit agreements (revolvers) of medium/large publicly traded companies. We model the duration (maturity), secured status, and pricing decisions within a simultaneous decision framework, thereby overcoming the biased and inconsis...

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Veröffentlicht in:	Journal of financial and quantitative analysis 2000-03, Vol.35 (1), p.87-110
Hauptverfasser:	Dennis, Steven, Nandy, Debarshi, Sharpe, Lan G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Capital structure Contracts Corporate debt Credit Debt Debt contracts Economic models Fees Financial economics Financial instruments Financial leverage Loans Pricing Revolvers Revolving credit Secured debt Spread Studies
Online-Zugang:	Volltext
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