LOS ANGELES - Foothill Capital Corp., a unit of a commercial finance company that has agreed to be acquired by Norwest Corp., has increased its commercial paper program and its bank credit facilities to $500 million from $460 million.

Kent W. Dahl, senior vice president and treasurer of Foothill Capital, said the increase in the commercial paper program would be used to fund asset growth. "We continue to have strong support from the banking and investment communities for our business strategy," Mr. Dahl said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.