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Article: Equifax to Launch $850 Million Commercial Paper Program.
- Article from:
- PR Newswire
- Article date:
- May 22, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA, May 22 /PRNewswire-FirstCall/ -- Equifax Inc. today announced that it will launch a new commercial paper program with a capacity of up to $850 million. The commercial paper program is expected to be used initially to refinance approximately $400 million in outstanding borrowings under Equifax's senior unsecured revolving credit agreement among Equifax, Equifax PLC, SunTrust Bank as administrative agent and various lenders with a capacity of up to $850 million. The credit agreement will then be used primarily to support the commercial paper program. The balance of the commercial paper program, if any, will be used for other general corporate purposes.
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