Comdisco, Inc. Announces $275 Million Renewal of Its Global Credit Facility.Business Editors ROSEMONT, Ill.--(BUSINESS WIRE)--Dec. 5, 2000 Comdisco, Inc. today announced that the company has renewed the $275 million, 364 day committed facility Committed Facility A credit facility whereby terms and conditions are clearly defined by the lending institution and imposed upon the borrowing company. Notes: In committed facilities, the borrowing companies must meet specific requirements set forth by the lending under its global credit facility, which expires December 5, 2000. The renewed facility will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on December 3, 2001. The lead banks within the renewed facility are Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Bank One and Citibank. There are a total of 11 banks comprising the $275 million, 364 day committed facility agreement under the global credit facility. The company's global credit facility also includes a $275 million 5 year committed facility that expires in December 2002, for a combined total of $550 million of committed credit. The company also stated that it is in the process of negotiating the renewal of its 364 day committed facility, under its multi-option facility. The company's current multi-option facility is also a $550 million facility comprised of a $275 million 5 year committed facility expiring in December 2002, and a $275 million, 364 day committed facility expiring on December 22, 2000. About Comdisco: Comdisco (www.comdisco.com) provides global technology services to help its customers maximize technology functionality, predictability and availability, while freeing them from the complexity of managing their technology. The Rosemont, (IL) company offers a complete suite of information technology services including business continuity, Web-Availability(SM), network, storage, and IT Control and Predictability Solutions(SM). Comdisco also offers equipment solutions to key vertical industries, including electronics, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , pharmaceutical, biotechnology and manufacturing. Through its Ventures division, Comdisco is providing equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
A new business. . The company's revenue for the 12 months ended September 30, 2000 was $3.9 billion. |
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