Pall, of Port Washington, gets $1.2B line of credit
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. 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.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
