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Comcast (CMCSA) has provided an update.
Comcast Corporation has secured an $11.8 billion unsecured revolving credit facility to bolster its corporate financial strategy, replacing a previous $11 billion agreement. This new facility, which involves major financial players like JPMorgan Chase and Citibank, offers flexibility to increase commitments up to $14.8 billion and extend its expiry to May 2031. While no funds have been drawn yet, the agreement includes various covenants and the potential for immediate repayment upon default, highlighting Comcast’s ongoing and multifaceted financial relationships with its lenders.
See more data about CMCSA stock on TipRanks’ Stock Analysis page.