TODAY'S PAPER
Few Clouds 33° Good Morning
Few Clouds 33° Good Morning
Business

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

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,"

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.

More news

Sorry to interrupt...

Your first 5 are free

Access to Newsday is free for Optimum customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE