General Electric obtains three separate two-year unsecured revolvers

By Tali Rackner

Minneapolis, Jan. 16 – General Electric Co. entered into two-year unsecured revolving credit facilities with three separate banking organizations, with initial aggregate principal commitment amounts of up to $5 billion, $4 billion and $4 billion, respectively, according to an 8-K filing with the Securities and Exchange Commission.

Each operating line matures on Jan. 15, 2020.

Extensions of credit under each of the operating lines may be used for working capital or any other general corporate purposes.

At closing, there were no outstanding borrowings under the operating lines.

GE is a Fairfield, Conn.-based industrial manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.