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Cree bulks up with $500M credit line; looking for new deals?

2015-01-12 19:06:11| Semiconductors - Topix.net

Durham LED giant Cree just entered into a $500 million revolving line of credit with Wells Fargo Bank , meaning capital in the coffers for future acquisitions. Already, proceeds of the initial loans were used to repay amounts outstanding under Cree's previous credit agreement with Wells Fargo, with the caveat that additional loans could be used for working capital or future acquisitions, according to a securities filing .

Tags: new line credit deals

Category:Electronics and Electrical

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