Daily News: March 6, 2013

JPMorgan, Citigroup Increases Sprint Nextel Credit Line

Bloomberg reported that Sprint Nextel replaced a $2.2 billion revolver set to expire in October with a new deal arranged by JPMorgan and Citigroup. Bloomberg noted that the new facility, which matures in February 2018, expands the borrowing capacity by $600 million.

To read the entire Bloomberg story, click here.