GE Finalizes a $15 Billion Credit Agreement
General Electric (NYSE: GE) has announced that it has entered into a $15 billion unsecured back-up revolving credit agreement extended by 32 banks. The new credit facility replaces a $20 billion revolving credit facility that was set to expire in May 2021.
The closing of this agreement also terminates a credit facility that was set to expire in December 2020, which had a commitment amount of $4 billion remaining after the close of GE Healthcare's sale of its BioPharma unit to Danaher (NYSE: DHR).
Source Fool.com
