Anonymous ID: db4c46 April 20, 2020, 4:09 p.m. No.8867018   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

GE enters into $15 billion loan agreement

 

General Electric Co (GE.N) entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday.

 

The current agreement is set to mature on April 17, 2023 and refinances the companyโ€™s prior $20 billion revolving credit facility that was scheduled to mature in May 2021.

 

The reduced loan size is a testimony to a changing bank landscape where companies seek to get better compensated for the risk they take to lend as volatility rattles the markets amid the COVID-19 pandemic.

https://www.reuters.com/article/us-ge-loans/ge-enters-into-15-billion-loan-agreement-idUSKBN2222ZN

https://www.sec.gov/Archives/edgar/data/40545/000120677420001214/ge3751681-ex101.htm

 

the usual suspects here: JPMORGAN CHASE BANK, N.A., BOFA SECURITIES, INC., CITIBANK, N.A., BNP

PARIBAS SECURITIES CORP., GOLDMAN SACHS BANK USA and MORGAN STANLEY

SENIOR FUNDING, INC.