How long does it take to close a revolving credit facility?
Normally you should expect a 4 – 6 week period from the date a proposal is accepted until a new facility is funded. Of course depending on the complexity, type of facility, and amount of negotiation engaged in by the parties, it may take more or less time. Certain types of transactions, such as Debtor-In-Possession transactions, are commonly concluded or committed to within a few days. Closing can take longer if unusual circumstances such as significant inter-creditor negotiations or third party consents are required to complete the transaction.
