E*Trade gets $600 million replacement 364-day revolving facility

By Marisa Wong

Morgantown, W.Va., June 25 – E*Trade Financial Corp.’s indirect subsidiary, E*Trade Securities LLC, entered into a $600 million 364-day senior unsecured revolving credit facility on June 22, according to an 8-K filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA is administrative agent for the new revolving credit facility, which replaces the company’s 364-day senior unsecured revolving credit facility entered into on June 23, 2017.

Details of the new revolver were not disclosed in the 8-K.

E*Trade is an online brokerage firm with headquarters in New York.

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