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.