NYSE:ETNElectrical
Eaton’s Expanded Liquidity Signals Preparation For Near Term Growth Moves
Eaton announced an $8 billion senior unsecured term loan to support liquidity and general corporate purposes.
The company also expanded its revolving credit facility, increasing available borrowing capacity.
These financing steps are intended to provide additional financial flexibility for upcoming initiatives.
Eaton, traded as NYSE:ETN, is making these funding moves while its shares trade around $396.09. The stock has posted returns of 8.5% over the past week, 20.4% over the past month,...