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People & Business :: Companies
H.B. Fuller Obtains New Credit Line
11:56 AM MDT | April 20, 2010 | Vincent Valk
H.B. Fuller has entered into a new $200 million credit line, the company announced today. The new agreement replaces the company existing credit line. The new credit line is priced higher than the old one, at Libor (London Interbank Offered Rate) plus 225 basis points, as opposed to Libor plus 62.5 basis points. Financial covenants will remain the same, however. The credit line matures on June 19, 2013. “This new facility further improves our liquidity position and continues to provide us flexibility as we focus on growth,” says Jim Giertz, H.B...
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