Chicago Bridge & Iron Company N.V. (CBI) Message Board

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Gold/Mining/Energy : Chicago Bridge & Iron Company N.V. (CBI)

CBI 16.39

0.0%

May 11 5:00 PM EST

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From: JakeStraw	5/17/2005 8:18:53 AM
	of 55

CB&I Announces $600 Million Credit Agreement biz.yahoo.com Tuesday May 17, 8:00 am ET THE WOODLANDS, Texas--(BUSINESS WIRE)--May 17, 2005--CB&I (NYSE:CBI) announced that the Company has entered into a five-year revolving credit agreement with an aggregate capacity of $600 million, which is expandable to $700 million. The facility is committed and unsecured. It replaces the Company's previous $350 million credit facility. "This larger facility ensures that CB&I will continue to have the capacity to support our rapidly growing new business and pursue our corporate strategy of seeking significant process-related EPC and liquefied natural gas (LNG) projects worldwide," said Richard E. Goodrich, Executive Vice President and CFO. The lead banks in the syndicate for the facility are JPMorgan Chase Bank, N.A. and Bank of America, N.A. Agent Banks are Wells Fargo Bank Texas, N.A., Bank of Montreal, BNP Paribas and The Royal Bank of Scotland plc. The syndicate comprises 21 banks.

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