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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 238.63

-1.8%

3:59 PM EST

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To: larry who wrote (724)	11/10/1997 4:58:00 AM
From: Michel Bera	Read Replies (1) of 164685

Thread, Some fuel to burn for AMZN : Sunday November 9, 2:09 pm Eastern Time Amazon.com gets $75 mln credit commitment SEATTLE, Nov 9 (Reuters) - Amazon.com Inc said it has entered into a commitment for a $75 million, three-year credit facility led by Deutsche Morgan Grenfell Inc. The company said it expects the facility to close in December. ''This credit facility will provide Amazon.com with substantially increased resources to execute its long-term strategy,'' Chief Financial Officer Joy Covey said in a statement. ''This additional $75 million will enhance our flexibility as we pursue our goal of extending our leading position in this competitive market.'' ''We intend to invest aggressively in building our business and brand, enhancing and expanding our product and service offerings and broadening our distribution relationships,'' Covey added. Amazon.com is an online bookstore. Regards, MiB

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