I-Grade Cos. Grab Short-Term Revolvers

05 Dec 2008

Investment-grade companies, including Halliburton and The Boeing Co., are setting up 364-day revolvers in lieu of longer-term facilities as banks avoid extended commitments.

Investment-grade companies, including Halliburton and The Boeing Co., are setting up 364-day revolvers in lieu of longer-term facilities as banks avoid extended commitments. In steady credit markets, the typical term on a revolving credit facility was five years, but that market is effectively closed. The 364-day facilities are ...

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