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Article: CBS Corporation Secures New $2 Billion Revolving Credit Facility.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 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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NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- CBS Corporation announced today that is has entered into a new three-year $2 billion revolving credit facility. The new credit facility replaces the Company's previous, undrawn, revolving credit facility that was scheduled to expire in December 2010. The new facility will be used to support commercial paper borrowings and for other general corporate purposes.
The arrangement of the credit facility was led by J.P. Morgan Securities Inc. and Citigroup Global Markets Inc.
About CBS Corporation
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the ...