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GE enters into $15 billion loan agreement

Published 04/20/2020, 06:05 PM
Updated 04/20/2020, 06:10 PM
© Reuters. The General Electric Co. logo is seen on the company's corporate headquarters building in Boston

(Reuters) - General Electric Co (N:GE) entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday.

The current agreement is set to mature on April 17, 2023 and refinances the company's prior $20 billion revolving credit facility that was scheduled to mature in May 2021.

The reduced loan size is a testimony to a changing bank landscape where companies seek to get better compensated for the risk they take to lend as volatility rattles the markets amid the COVID-19 pandemic. (https://

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