Daily News: September 19, 2013

Bloomberg: Siemens Begins Syndication of $3B Credit Line

Bloomberg reported that Siemens AG (SIE), Europe’s biggest engineering company, is seeking a $3 billion credit line from lenders. The five-year loan is being arranged by Commerzbank AG, Deutsche Bank AG and JPMorgan Chase & Co.

The company’s previous $3 billion revolving credit facility was due to mature last month, according to data compiled by Bloomberg.