Wal-Mart Message Board - Msg: 15939365

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Non-Tech : Wal-Mart

WMT 101.18

-1.0%

Oct 31 9:30 AM EST

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To: Dennis who wrote (1036)	6/13/2001 5:58:42 PM
From: long-gone	Read Replies (1) of 1166

Bloomberg Bank of America Turns Down Wal-Mart for $2.25 Bln Credit Line New York: Bank of America Corp. turned down a request from Wal-Mart Stores Inc. to arrange a $2.25 billion credit line because the world's biggest retailer hadn't hired the bank for investment banking business for six years. By turning down Wal-Mart, the second-largest lender in the U.S. is following through on a pledge made in December to reduce lending to customers that balk at hiring the bank to advise on acquisitions or manage bond and stock sales. Bank of America has arranged all Wal-Mart's credit lines since 1995. ``This is part of a reevaluation of all our lending relationships,'' said Georgie Shields, a spokeswoman for Bank of America. ``We are looking to shrink our loan book,'' she said. Tom Williams, a spokesman for Wal-Mart, declined to comment.

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