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CBS secures new $2B revolving credit line
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NEW YORK - CBS Corp. said Thursday it has secured a new three-year revolving line of credit for $2 billion to support commercial paper loans and for general expenses.
It replaces the company's previous credit revolver that was set to expire in December 2010. CBS has not drawn on that credit.
CBS shares closes Thursday at $12.79, up 7.5 percent from a day earlier.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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