CLEARWATER, Fla. - A bank group led by Chemical Banking Corp. and NationsBank Corp. has completed the previously announced amendment of a $750 million credit agreement with Eckerd Corp.

The retail drug chain said the amount of its term loan facility has been decreased to $250 million from $406 million and the amount of the revolving loan facility has been increased to $500 million from $350 million.

The amendment will result in lower borrowing costs for Eckerd.

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