E*Trade gets $900 million of replacement five-year, 364-day revolvers

By Rebecca Melvin

New York, June 24 – E*Trade Financial Corp. entered into a new $300 million five-year senior unsecured revolving credit facility with JPMorgan Chase Bank, NA as administrative agent as of June 21, according to an 8-K filing with the Securities and Exchange Commission.

The new revolver replaces a three-year senior unsecured revolver that E*Trade entered into on June 23, 2017.

In addition, E*Trade Securities, LLC, an indirect subsidiary of the E*Trade Financial, entered into a $600 million 364-day senior unsecured revolver with JPMorgan Chase Bank, which replaced its 364-day senior unsecured revolver entered into on June 22, 2018.

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

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