= Subscriber content; or subscribe now to access all American Banker content.

Loral plans to finance $1.6 billion buyout of IBM's Federal Systems with bank debt.

DEC 14, 1993 2:00am ET

Loral Corp. said it agreed to buy the Federal Systems division of International Business Machines Corp. for about $1.6 billion in cash, and will finance the entire purchase price with bank loans.

To continue, please or subscribe
FREE 14-DAY
TRIAL
  • Full access to banking's most comprehensive daily report
  • Daily, weekly, and topic-based newsletters and alerts
  • Award-winning analysis and insight, focused on bankers' key concerns
No credit card needed
SUBSCRIBE
NOW
All subscription content plus:
  • Bimonthly industry research reports (including archive)
  • Morning Scan Plus e‑newsletter
  • Full access to 2016: The Candidates, the Issues
Have an account?
SIGN IN HERE
Remember me