US: Eaton completes refinancing exercise

Eaton Corporation has announced that it has completed the refinancing of a US$500m, five-year revolving credit facility and has prefunded term debt maturities due in mid-2012. The new US$500m revolving credit facility maintains Eaton's long-term revolving credit facilities, which are used to support commercial paper borrowings, at a total of US$1.5bn. Subscribe to Automotive World … Continued

• By Webmaster
• June 17, 2011