Saab Secures $631M Loan

国防和爱尔兰ospace company,Saab, has secured a $630.7 million credit facility,The Wall Street Journalreports. The proceeds will be used to refinance the existing credit facility, due to mature in March 2012.

The self-arranged credit facility is due to mature in 2016. The loan was signed with a total of eight banks with a $78.8 million commitment each.

Click here for the story fromThe Wall Street Journal.