Baker Hughes More Than Doubles Revolving Credit to $2.5 Billion
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Baker Hughes Inc., the world’s third-largest oilfield services provider, said it obtained a $2.5 billion revolving line of credit that more than doubles its borrowing capacity
The five-year financing, which will be used for general corporate purposes, replaced a $1.2 billion facility that was to expire in March, the Houston-based company said today in a regulatory filing. JPMorgan Chase & Co. was the administrative agent on the transaction.