Solectron secures three-year, $500 Million revolving credit facility
Aug 23, 2004
Solectron Corporation (NYSE:SLR) said it has secured a three-year, $500 million revolving credit facility. The facility, which will expire Aug. 20, 2007, amends and restates a $250 million credit agreement scheduled to expire in February 2005. The company said the new $500 million revolver includes more favorable terms than the previous facility and increases available liquidity. No amounts are currently drawn on the credit facility. The facility was co-arranged by Banc of America Securities LLC and J.P. Morgan Securities Inc. Scotia Capital and Citigroup were two other top lenders. In addition, 11 other lenders committed to the facility.
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