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

[Anonymous]

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

[Author]

November 10, 2010 at 7:55 AM