Home / Financial Report / Lockheed Announces New $1.5B Credit Line

Lockheed Announces New $1.5B Credit Line

Lockheed Martin (NYSE: LMT) has entered into a new $1.5 billion unsecured revolving credit facility with banks led by JP Morgan Chase Bank N.A.

Lockheed can seek additional loans equaling up to $2 billion over the course of the agreement, with no individual loan exceeding $500, 000.

The agreement will valid through Aug. 25, 2016 with provisions for one-year renewals.

The deal cancels an existing agreement.

Other lenders include Bank of America, Citibank N.A.,  Royal Bank of Scotland plc and Wells Fargo Bank N.A.

Check Also

Lockheed-Raytheon JV Gets $95M Javelin Weapon FMS Contract Modification

A Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) partnership will supply Javelin weapon equipment to six …

Kristen Mullins Named HighPoint Global Chief HR Officer

Kristen Mullins, formerly vice president of human resources at Oceus Networks, has joined citizen experience …

Subscribe to our Newsletter
I will subscribe later