Western Digital Has $125-Million Credit Line
Dow Jones
Western Digital Corp. said Thursday that it has arranged for a $125-million line of credit with GE Capital and Bank of America.
The Irvine disk drive manufacturer said the agreement, which is for a three-year term, supports growth plans, though there are no plans to use the funds now.
The company’s stock moved up 38 cents a share to $5.44 on the New York Stock Exchange.
