并购贷款只能用于并购交易,该部分所需资金总量可作为计算授信额度的标准,目标企业在贷款期内实现的折现自由现金流量价值代表它的真实偿债能力。
The total fund required can be seen as a standard for line of credit . In the loan period , the discounted value of the target company ' free cash flow indicates its real solvency .