GENUITY INC (GENU) Form 8-K
October 01, 2001
ITEM 5. OTHER EVENTS
Genuity Inc., a Delaware corporation ("Genuity"), amended and restated its $2,000,000,000 Five-Year Credit Agreement (the "Credit Agreement") dated as of September 5, 2000, among Genuity, The Chase Manhattan Bank, as administrative agent for the lenders, Chase Securities, Inc., as arranger, Citibank, N.A., as syndication agent, Credit Suisse First Boston and Deutsche Bank AG, as co-documentation agents, and the banks, financial institutions and other institutional lenders listed therein. As amended and restated, the Credit Agreement is referred to herein as the Amended and Restated Credit Agreement. A copy of the Amended and Restated Credit Agreement is attached as Exhibit 10.1 to this Form 8-K.
On October 1, 2001, Genuity announced that it recently raised $1.15 billion through the placement of four-year floating rate notes and that it amended its credit agreement with Verizon Communications. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.
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