(Reuters) - General Electric Co (GE.N) 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. (bit.ly/2RStv8Q)
Reporting by Akanksha Rana in Bengaluru; Editing by Maju Samuel