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Lowe's secures $250M credit facility

Home improvement retailer Lowe's Cos. Inc. on Sept. 9 entered into a $250 million unsecured 364-day credit facility, according to an SEC filing dated Sept. 12.

Lenders include Bank of America NA, as administrative agent, U.S. Bank NA, as syndication agent, and Citibank NA, Goldman Sachs Bank USA, JPMorgan Chase Bank NA and Wells Fargo Bank NA as co-documentation agents.

The loan will terminate Sept. 8, 2020. Borrowings will bear interest, at the company's option, at either a base rate or eurocurrency rate plus an applicable margin, the filing added.