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SPX arranges $2.6B in credit for spinoff companies

2015-09-02 22:17:08| Electronics - Topix.net

SPX Corp. has closed on a pair of credit agreements, totaling $2.55 billion, for the two companies it will become after it spins off its flow business as a separate publicly traded company late this month. Both credit agreements involve a consortium of international banks including Bank Of America, Deutsche Bank, Bank of Nova Scotia, Credit Agricole, Bank of Tokyo-Mitsubishi, JPMorgan Chase Bank and SunTrust Bank.

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