Tonernews.com, April 11, 2006. USA
- This topic has 0 replies, 1 voice, and was last updated 12 years, 3 months ago by
.
Viewing 1 post (of 1 total)
-
Posts
-
Xerox signs $1.25 billion credit facility
April 2006
Xerox
Corp. Friday entered into a $1.25 billion unsecured revolving loan
credit facility, replacing a $1 billion credit facility the document
maker entered into in 2003.
The
company has yet to borrow on the credit facility, but plans to draw
down some $50 million in the next several days, documents filed with
the Securities & Exchange Commission state.
The new credit
facility includes a $200 million letter of credit subfacility with
affiliates of Citibank N.A. and JPMorgan Chase Bank N.A. It also
includes an accordion feature, which allows the company to increase the
size to $2 billion.
The facility matures on April 7, 2011, although a one-year extension can be requested.
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.