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). 

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Source Fool.com