General Electric (GE) has entered into a $15 billion senior unsecured credit facility with 32 banks.This senior unsecured credit facility refinances and terminates GE’s prior $20 billion back-up revolving syndicated credit facility that was scheduled to mature in May 2021.The credit facility matures on April 17, 2023, although GE can pay any amounts of the facility back before this date without premium or penalty.According to the filing, extensions of credit under the credit facility can be used by GE for general corporate purposes.The closing of this new facility also terminated GE’s $4 billion revolving syndicated credit facility that was scheduled …read more
Source:: Yahoo Finance
