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Babcock & Brown Closes Financing Deal

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-09
NEW YORK (AP) -- Babcock & Brown Air Ltd., a company that leases commercial aircraft, said Thursday a subsidiary entered a line of credit that will allow it to buy up to $1.2 billion in additional aircraft.

The credit facility has a two-year revolving period and an additional three-year term period. It was arranged and underwritten by Credit Suisse.

Shares of Babcock & Brown fell 70 cents, or 3.4 percent, to $19.80 in afternoon trading.

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