TRW Automotive initiates USD1bn share buyback; increases credit line to USD1.4bn
Due in 2017
TRW Automotive has increased the size and extended the maturity on a revolving line of credit. The loan was arranged by JPMorgan Chase & Co. and Bank of America Corp. that will come due in September 2017, according to a regulatory filing. It was increased from USD1bn and was originally set to expire in November 2014.
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