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Ecom Hires ABN Amro, Credit Agricole for $300 Million Loan

Aug. 20 (Bloomberg) -- Ecom Agroindustrial Corp., a supplier of commodity raw materials, hired banks to arrange a $300 million credit line to refinance a facility maturing in October.

ABN Amro Bank and Credit Agricole SA are arranging the 364-day revolving credit that can be extended by another year, the banks said in a statement today.

The credit line will replace the Pully, Switzerland-based company’s $530 million facility signed last year, according to the statement.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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