X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Treasurers are peering farther into the future when it comes to credit. Take for example this unidentified treasurer’s question to a banking panel at the recent Association for Financial Professionals annual meeting in San Francisco, as reported by Bruce Lynn, managing partner of the Financial Executives Consulting Group. The question: “I have a $1 billion revolver coming due in 2013. My pricing today is Libor plus 75 basis points. My banks will extend my loan at Libor plus 300. What should I do?” The bankers’ answers: Make sure the $1 billion is still needed and cut back, if possible; go to the bond market for longer term money; and expect to pay more when you do renew, says Lynn.

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.