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Ameritrade ups revolver size to $105 million, extends terms
By Sara Rosenberg
New York, Dec. 9 - Ameritrade Holdings Corp. increased its revolving credit facility size to $105 million from $75 million and extended the term to Dec. 14, 2005, according to a 10-K filed with the Securities and Exchange Commission Thursday.
The revolver has an initial interest rate of Libor plus 175 basis points, but the rate can step up to Libor plus 200 basis points based on a financial ratio.
The agreement with lenders was reached on Dec. 3.
Ameritrade is an Omaha, Neb.-based provider of securities brokerage services and technology-based financial services.
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