Software maker Oracle Corp on Friday said it has entered into an unsecured $2 billion, 364-day revolving credit agreement to provide a backstop for any commercial paper that the company may issue and for working capital. ( Reuters )
The lenders include Wachovia Bank NA and Bank of America, the company said in a filing with the U.S. Securities and Exchange Commission. The agreement was reached on March 18.
The credit agreement contains customary requirements, including that the company's total net debt to total capitalization ratio not exceed 45 percent.
