GO
Loading...

Lehman Closes on $2 Billion Line of Credit

Lehman Brothers Holdings, a US investment bank whose shares have been battered by fears it may face liquidity issues similar to Bear Stearns, said it has closed a $2 billion bank facility.

The three-year revolving bank facility was oversubscribed, with 40 banks participating, and replaces an existing facility.

JPMorganChase and Citigroup co-led the deal.

Banks