NYSE:ITWMachinery
Illinois Tool Works Credit Facility Refreshes Liquidity As Valuation Runs Rich
Illinois Tool Works (NYSE:ITW) has entered into a new US$3.0b five year revolving credit facility.
The agreement replaces the company’s previous revolving credit facility more than a year before its scheduled expiry.
The facility includes multi currency and rate options and can be increased to up to US$5b, subject to conditions.
Illinois Tool Works, a diversified industrial manufacturer serving multiple end markets, now has a refreshed liquidity backstop that can support its ongoing...