|
|
Article: Fred Meyer Inc. increases credit line to $335 million.
- Article from:
- PR Newswire
- Article date:
- June 14, 1990
CopyrightCOPYRIGHT 1990 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)
|
FRED MEYER INCREASES CREDIT LINE TO $335 MILLION
PORTLAND, Ore., June 14 /PRNewswire/ -- Fred Meyer Inc. (NASDAQ: MEYR) announced today an agreement with 10 major banks to more than double the company's revolving line of credit to $335 million.
Continental Bank led the syndication effort that attracted six banks from the United States and one each from Japan, Germany, Australia and Canada. Together, the 10 banks have a combined net worth of nearly $24 billion.
"When 10 national and international banks say they are willing to invest $335 million in Fred Meyer's future, it is a dramatic vote of confidence we deeply appreciate," Mike Don, vice ...