MBIA Inc. said last week it secured a $225 million line of credit from a group of banks led by Wachovia Bank of Georgia.

The new line of credit will be used to replace four existing credit facilities totaling $130 million. Combined with an existing $575 million, sevenyear standby letter of credit and a $25 million facility, the new credit line brings MBIA's total credit lines to $825 million.

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