CBS extends its credit line

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CBS Corporation has amended its $2 billion revolving credit agreement with its bank group, adding a few years to the term.


The revolver, dating back to November 2009, was due to expire in December 2012. The amendment extends that to March 2015. The interest rate that CBS pays varies, based on the London Interbank Offer Rate (LIBOR).

If you’re also looking to borrow a couple of billion bucks, CBS’ bankers are JP Morgan Chase, Citibank, Bank of America, Deutsche Bank, Morgan Stanley, royal Bank of Scotland and UBS.