Dec 14, 2010 10:09 Stora Enso Refinances Its Revolving Credit Facility
Stora Enso has signed a new EUR 700 million committed credit facility agreement with a syndicate of 16 banks, refinancing the existing EUR 1 400 million facility. The new facility matures in January 2014, and will be used as a backup for general corporate purposes. The loan has no financial covenants. The margin is based on a ratings grid, and at the current rating of BB/Ba2 the margin is 1.75% p.a. over Euribor. continued...
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Dec 14, 2010 10:00 Comtech Telecommunications Corp. Wins $1.3 Million Order for MIL-STD-188-165A Modems
Comtech Telecommunications Corp. (Nasdaq:CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., received a $1.3 million order for MIL-STD-188-165A modems. The modems will upgrade tactical satellite terminals in an existing U.S. military network. continued...