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Cree bulks up with $500M credit line; looking for new deals?

2015-01-12 20:50:13| Electronics - Topix.net

Durham LED giant Cree just entered into a $500 million revolving line of credit with Wells Fargo Bank , meaning capital in the coffers for future acquisitions. Already, proceeds of the initial loans were used to repay amounts outstanding under Cree's previous credit agreement with Wells Fargo, with the caveat that additional loans could be used for working capital or future acquisitions, according to a securities filing .

Tags: new line credit deals

 

Cree bulks up with $500M credit line; looking for new deals?

2015-01-12 19:06:11| Semiconductors - Topix.net

Durham LED giant Cree just entered into a $500 million revolving line of credit with Wells Fargo Bank , meaning capital in the coffers for future acquisitions. Already, proceeds of the initial loans were used to repay amounts outstanding under Cree's previous credit agreement with Wells Fargo, with the caveat that additional loans could be used for working capital or future acquisitions, according to a securities filing .

Tags: new line credit deals

 
 

Apple's App Store Starts 2015 With a $500M Bang

2015-01-08 22:02:24| PC Magazine Software Product Guide

Apple reports that New Year's Day of 2015 was the largest day the company has ever seen for iOS app sales.

Tags: store starts app bang

 

Spain's CAF signs 500m contract with NS to deliver Sprinter electric trains

2014-12-15 01:00:00| Railway Technology

Spanish train manufacturer CAF has signed a 500m contract with Dutch passenger railway operator Nederlandse Spoorwegen (NS) to deliver its Sprinter electric multiple-unit fleet.

Tags: contract electric signs deliver

 

GE opens $500m R&D centre in Brazil for subsea oil and gas research

2014-11-14 01:00:00| Offshore Technology

General Electric (GE) has opened its new $500m global research and development (R&D) centre in Brazil, which will focus on subsea oil and gas research, capitalising on $1.2 trillion offshore market opportunity.

Tags: research centre gas oil

 

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