Eaton Increases Revolving Credit Facility to $2B; Issues $600M in Long-Term Notes
Diversified industrial manufacturer Eaton Corporation (NYSE: ETN) today announced that it has completed several financing transactions in advance of the Cooper Industries plc acquisition announced May 21, 2012. These transactions both enhance the company's liquidity position and capitalize on favorable market conditions for investment grade corporate debt. With these actions, Eaton has begun to establish the permanent capital structure of the company associated with the closing of the Cooper acquisition expected this fall.
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