Abbott subsidiaries get $1.9 billion in credit facilities

By Sara Rosenberg

New York, Nov. 30 - Eight of Abbott Laboratories' direct or indirect wholly owned subsidiaries entered into 30-month credit facilities with various lenders that, in the aggregate, permit borrowings of up to $1.9 billion, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Borrowings under the facilities will be used for general corporate purposes, including repatriation of funds under the American Jobs Creation Act of 2004.

The facilities closed on Nov. 23.

Abbott is an Abbott Park, Ill.-based health care products company.

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