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Solectron Secures Three-Year, $500 Million Revolving Credit Facility
August 24, 2004 |Estimated reading time: Less than a minute
Milpitas, Calif. — Solectron Corp. has secured a three-year, $500 million revolving credit facility.
The facility, which will expire August 20, 2007, amends and restates a $250 million credit agreement scheduled to expire in February 2005.
The company said the new $500 million revolver includes more favorable terms than the previous facility and increases available liquidity. No amounts are currently drawn on the credit facility.
The facility was co-arranged by Banc of America Securities LLC and J.P. Morgan Securities Inc. Scotia Capital and Citigroup were two other top lenders. Eleven other lenders committed to the facility.
Solectron Corp. provides a full range of worldwide manufacturing and integrated supply chain services to the world's premier high-tech electronics companies. For more information, visit www.solectron.com.