In the last post I discussed a line of credit. I was not questioning the line of credit in itself or its mechanics. I was showing exasperation on opaque disclosure. Why does a line of credit warrant such nonsensical misdirection? Why not just state, "We obtained a $X million line or credit, of which $Y million is available to us based collateral assigned to secure the line of credit and borrowing limits against the collateral. We have borrowed $Z million on the line of credit." If a company goes out of its way to obscure something as straightforward as how much it used on its line of credit, it makes me question the entire disclosure document.