GE lands $15 billion loan agreement

Deal refinances the company's prior $20 billion revolving credit

 General Electric Co entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday.

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TickerSecurityLastChangeChange %
GEGENERAL ELECTRIC COMPANY7.63-0.09-1.17%

The current agreement is set to mature on April 17, 2023 and refinances the company's prior $20 billion revolving credit facility that was scheduled to mature in May 2021.

GE BETTING ON OFFSHORE WIND POWER

The reduced loan size is a testimony to a changing bank landscape where companies seek to get better compensated for the risk they take to lend as volatility rattles the markets amid the COVID-19 pandemic.

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