GE requests shorter-dated credit to appease lenders

摘要

general electric is asking its lenders to replace US$20bn in revolving loans with a new debt package that will come with a smaller size and shorter maturities. The new loans, which will be US$15bn, are a testament to a changing bank landscape as firms seek to get better compensated for the risk they take to lend as volatility rattles markets. A shorter commitment window of three years bodes well for the banks lending to the multinational conglomerate when liquidity is golden. JP Morgan, Citigroup, Bank of America, BNP Paribas, Goldman Sachs and Morgan Stanley are leading GE's loans.