Forbes Media violated covenants on a revolvingcreditline that it took out in 2006, according to a letter sent to the company by J.P. Morgan.
据摩根大通(J . P. Morgan)发给福布斯传媒的一封信来看,福布斯传媒违反了2006年签订的一项循环信贷条款。
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It will use the money to pay down 25% of its revolvingline of credit.
它将用来偿还其25%的循环信用额度。
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This type of loan works like a credit card, and has a revolvingline of credit, in which the borrower may borrow against the principal more than once over the life of the loan.