INTERCO ESTABLISHES 50 MLN DLR REVOLVING FACILITY
Missouri-based Interco Inc is
establishing a 50 mln dlr, five year revolving credit facility,
Swiss Bank Corp International Ltd said as arranger.
    The facility allows for eurodollar and swingline advances
up to 50 mln dlrs and also has an uncommitted option for
short-term, multi-currency advances.
    The margin for eurodollar advances is 20 basis points over
London Interbank Offered Rates (LIBOR) and there is a
utilisation fee of five basis points per annum if utilisation
exceeds 50 pct.
    Swiss Bank Corp said that the facility pays a commitment
fee of 10 basis points per annum on undrawn amounts.
    It has been syndicated on a club basis and signing is
planned by the end of March.
    Interco is a manufacturer and retailer of consumer products
and services.
 REUTER
