Additional Banks Join Nortel Networks Previously Announced US$2 Billion Credit Facilities.Business/High-Tech Editors TORONTO--(BUSINESS WIRE)--Aug. 2, 2001 Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony (NYSE NYSE See: New York Stock Exchange :NT)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :NT.) announced today that a number of its key global relationship banks have joined its US$2 billion committed credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities , previously announced by the Company on June 15, 2001. The credit facilities, which are led by J.P. Morgan Chase & Co., Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Citibank, N.A, are unsecured, have a term of 364 days with a one-year term out option and provide the Company with greater financial and operating flexibility to meet its business objectives. Nortel Networks is a global leader in networking and communications solutions and infrastructure for service providers and corporations. The Company is at the forefront of transforming how the world communicates, exchanges information and profits from the high-performance Internet through capabilities spanning the Optical Internet, Wireless Internet, Intelligent Internet and IP (Internet Protocol) technologies and services. Nortel Networks does business in more than 150 countries and can be found on the Web at www.nortelnetworks.com. Nortel Networks, the Nortel Networks logo and the Globemark are trademarks of Nortel Networks. |
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