Revolving lines of credit are expected to be down this year

11/28/2012 |

Revolving lines of credit will likely have dropped in 2012 because of fewer issuances and more companies seeking other forms of funding, such as the corporate bond market. Thomson Reuters reports that corporate credit lines issued in the loan market were $787 billion as of Nov. 14, compared with $1.28 trillion for all of 2011. "The conventional wisdom is that everyone was waiting to see what happened with the [presidential] election," says Richard Pollak of Troutman Sanders. Now the "fiscal cliff" is seen as a deterrent, Pollak says.

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