Pall, of Port Washington, gets $1.2B line of credit

Pall Corp., a Port Washington-based supplier of filtration

Pall Corp., a Port Washington-based supplier of filtration and purification technologies, has negotiated a five-year $1.2-billion revolving credit line to replace debt maturing in 2015. This is company headquarters. Photo Credit: Barry Sloan, 2012

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Pall Corp., a Port Washington-based supplier of filtration and purification technologies, got a five-year $1.2-billion revolving credit line to replace debt maturing in 2015.

The company may borrow from the account in U.S. dollars, pounds sterling, euros, Swiss francs and Japanese yen among other "readily available and freely exchangeable currencies,"

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The pact with lenders also provides as much as $100 million in letters of credit, Pall said Tuesday in a regulatory filing. Bank of America Corp. and JPMorgan Chase & Co. arranged the loan.

The lending group also includes Wells Fargo & Co., Bank of Tokyo Mitsubishi UFJ Ltd. and HSBC Holdings Plc. Under a revolving credit line, money can be borrowed again once it's repaid.

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