Daily News: October 2, 2013

Reuters: Siemens Secures $3B Facility; Deutsche, Others Coordinate

Reuters reported Siemens said it secured a $3 billion revolving credit facility to replace a previous arrangement that expired last month. Commerzbank, Deutsche Bank and JP Morgan acted as coordinators and bookrunners, Reuters said.

The facility replaces the company’s $4 billion facility from 2006, which expired in August 2013, Reuters said.

To read the entire Reuters article, click here.