Solectron obtains $500 million revolver

New York, Aug. 20 - Solectron Corp. said it obtained a new $500 million three-year revolving credit facility.

The facility matures Aug. 20, 2007.

It amends and restates a $250 million credit agreement scheduled to expire in February 2005.

No amounts are currently drawn on the credit facility, the Milpitas, Calif., electronic manufacturing services company said.

The new facility has "more favorable" terms than the previous facility and increases liquidity, Solectron added.

Banc of America Securities LLC and J.P. Morgan Securities Inc. were joint lead arrangers for the facility.

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