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fedx ground story 7-25-05
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<blockquote data-quote="moreluck" data-source="post: 57625"><p>oops! I answered my own question... </p><p> </p><p>BofA backs $1B credit facility for FedEx </p><p>Tuesday July 26, 12:01 pm ET </p><p> </p><p> </p><p>FedEx Corp. has entered into a $1 billion five-year credit agreement with a syndicate of banks that includes Bank of America Corp. </p><p>The new facility replaces and consolidates a $750 million credit agreement. </p><p> </p><p>Along with Charlotte-based BofA, banks involved in the agreement include J.P. Morgan Chase, Bank of Nova Scotia, Regions Bank and The Royal Bank of Scotland. </p><p> </p><p>Borrowings under the new facility may be used for FedEx's general corporate purposes, including commercial paper backup and acquisitions. </p><p> </p><p>Memphis, Tenn.,-based FedEx (NYSE: FDX - News) markets a portfolio of transportation, e-commerce and business services. It plans to open a mid-Atlantic air-cargo sorting hub at Piedmont Triad International Airport by 2009. </p><p> </p><p>Published July 26, 2005 by The Business Journal</p></blockquote><p></p>
[QUOTE="moreluck, post: 57625"] oops! I answered my own question... BofA backs $1B credit facility for FedEx Tuesday July 26, 12:01 pm ET FedEx Corp. has entered into a $1 billion five-year credit agreement with a syndicate of banks that includes Bank of America Corp. The new facility replaces and consolidates a $750 million credit agreement. Along with Charlotte-based BofA, banks involved in the agreement include J.P. Morgan Chase, Bank of Nova Scotia, Regions Bank and The Royal Bank of Scotland. Borrowings under the new facility may be used for FedEx's general corporate purposes, including commercial paper backup and acquisitions. Memphis, Tenn.,-based FedEx (NYSE: FDX - News) markets a portfolio of transportation, e-commerce and business services. It plans to open a mid-Atlantic air-cargo sorting hub at Piedmont Triad International Airport by 2009. Published July 26, 2005 by The Business Journal [/QUOTE]
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