Lockheed Martin Secures $1.50B Loan

Lockheed Martin Corp. has signed a new $1.50 billion unsecured revolving credit facility, CityBizlist Real Estate reports. Lenders include JP Morgan Chase Bank, Bank of America, Citibank, Royal Bank of Scotland and Wells Fargo Bank.

The new agreement includes a sublimit of $300 million for letters of credit and will be valid till Aug. 26, 2016. Lockheed Martin will also be eligible to seek additional loans of up to $500 million, subject to a maximum of $2 billion during the tenure of the agreement.

Click here for the story from CityBizlist Real Estate.