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Halliburton gets $3.5 billion five-year revolving credit facility
By Sarah Lizee
Olympia, Wash., March 7 – Halliburton Co. entered into a $3.5 billion revolving credit agreement due March 5, 2024 with Citibank, NA as administrative agent on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.
The new credit agreement replaces Halliburton’s $3 billion five-year revolver dated as of July 21, 2015, which was terminated on Tuesday.
Interest is Libor plus a margin that ranges from 62.5 basis points to 112.5 bps, based on credit ratings.
The commitment fee ranges from 5 bps to 12.5 bps, also based on ratings.
Citibank, Mizuho Bank, Ltd., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., JPMorgan Chase Bank, NA, Wells Fargo Securities, LLC and TD Securities (USA) LLC are joint lead arrangers and joint bookrunners.
Mizuho Bank and Deutsche Bank are co-syndication agents. HSBC, JPMorgan, Bank of America, NA, Wells Fargo Bank, NA and TD Securities are co-documentation agents.
Halliburton is a Houston-based diversified energy services company.
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