Bloomberg News

Ecom Increases Revolving Credit Facility by 51% to $530 Million

October 13, 2011

Oct. 13 (Bloomberg) -- Ecom Agroindustrial Corp., a supplier of commodity raw materials, increased a one-year credit line by 51 percent to $530 million after lenders offered more than it sought.

The revolving credit can be extended by one year, and will help the Pully, Switzerland-based company replace its $220 million and 91 million-pound ($143 million) 364-day facilities maturing this year, according to a statement today from lenders.

ABN Amro Bank NV and Credit Agricole CIB arranged the deal that was increased from $350 million when they started marketing it at the end of August, according to the statement.

--Editors: Faris Khan, Chapin Wright

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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