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Equifax (EFX) has agreed to buy the credit services business of Computer Sciences (CSC) for $1 billion in cash.
December 3 -
Flickers of life in the housing market are prompting homebuilders to seek revolving lines of credit from banks for the first time in several years. They are getting them, and money from the debt and equity markets, too.
September 17
PPL Corp., a utility company in Allentown, Pa., has entered into a $300 million revolving credit facility with 21 banks.
PPL said Tuesday that it will use the facility for general corporate purposes, including infrastructure investments.
"We are very pleased to announce this innovative financing, which we believe will contribute to community development, including job creation and training, affordable housing and support for small businesses," PPL Chief Financial Officer Paul Farr said in a press release. "By strengthening the loan portfolios of these excellent institutions, we are enhancing the ability of these banks to fund other local development projects."
Subsidiaries of PNC Financial (PNC) and M&T Bank (MTB) were the lead arrangers for the transaction. A unit of National Penn Bancshares (NPBC) will serve as documentation agent, while PNC Bank will serve as the administrative agent. Other participating banks include TD Bank, First Niagara (FNFG), Beneficial Mutual Bancorp (BNCL) and First Keystone Community Bank.
