GE enters into $15 bln loan agreement [Reuters (UK)]
General Electric Company (GE)
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Source: Reuters
GE enters into $15 billion loan agreement - Reuters 1 Min Read (Reuters) - General Electric Co ( GE.N ) entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday. The current agreement is set to mature on April 17, 2023 and refinances the company’s prior $20 billion revolving credit facility that was scheduled to mature in May 2021. The reduced loan size is a testimony to a changing bank landscape where companies seek to get better compensated for the risk they take to lend as volatility rattles the markets amid the COVID-19 pandemic. ( bit.ly/2RStv8Q ) Reporting by Akanksha Rana in Bengaluru; Editing by Maju Samuel All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2020 Reuters. All Rights Reserved.
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