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Trading Report for (HAR). A detailed report, including free correlated market analysis, and updates.
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Harman International Industries Inc Closes New Senior Unsecured Credit Facility
Harman International Industries Inc announced the closing of a senior unsecured credit facility that will provide the Company with more than $1 billion in liquidity. The new facility is comprised of a $750 million revolving line of credit along with a five-year $300 million term loan. The Company plans to use the proceeds from the term loan, in addition to $100 million of cash on hand, to pay off its $400 million in outstanding convertible senior notes, due October 15, 2012. The Company’s bank group was led by JP Morgan.
Latest Developments for Harman International Industries Inc
- Harman International Industries Inc Raises FY 2013 EPS Guidance; Updates FY 2013 Revenue Guidance; Sees FY 2013 EBIT And EBITDA Guidance At High End Of Prior Range
- Schouw and Co A/S Completes Sale of Martin Professional to Harman International Industries Inc
- Harman International Industries Inc Issues FY 2013 Guidance Below Analysts' Estimates
- Harman International Industries Inc Signs Agreement to Acquire Entertainment Lighting Company Martin Professional
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