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TD Ameritrade enters credit agreement

TD Ameritrade Holding Corp. entered a credit agreement providing a new $500 million senior unsecured revolving loan facility to the company.

The credit facility will mature May 17. Borrowings under the facility may be used for working capital needs and for general corporate purposes.

The credit facility is led Wells Fargo Securities LLC and Barclays Bank PLC as joint book runners and joint lead arrangers. Wells Fargo Bank NA is administrative agent.