BANK OF AMERICA RAISES LOAN TO STAPLES INC TO $1Bln

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BANK OF AMERICA RAISES LOAN TO STAPLES INC TO $1Bln

 user 2010-11-10 at 7:53:59 am Views: 49
  • #24370

    http://www.reuters.com/article/idUSN0422445020101104

    BANK OF AMERICA RAISES LOAN TO STAPLES INC TO $1Bln
    Nov 2010- Office supplies retailer Staples Inc (SPLS.O) said it has entered into a new credit agreement that will allow it to borrow as much as $1 billion.The new agreement replaces an old one which limited Staples to borrowing $750 million and under which Staples had no loans outstanding as of Thursday.
    The new credit line can be raised to $1.5 billion if its lenders, led by Bank of America , agree, Staples said in a filing with the U.S. Securities and Exchange Commission.

    http://www.reuters.com/article/idUSN0422445020101104