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These excerpts taken from the GIS 10-K filed Jul 11, 2008. Notes Payable The
components of notes payable and their respective
weighted-average interest rates at the end of the periods were
as follows:
To ensure availability of funds, we maintain bank credit lines
sufficient to cover our outstanding short-term borrowings. Our
commercial paper borrowings are supported by $3.0 billion
of fee-paid committed credit lines and $403.8 million in
uncommitted lines. As of May 25, 2008, there were no
amounts outstanding on the fee-paid committed credit lines and
$133.8 million was drawn on the uncommitted lines, all by
our international operations. Our committed lines consist of a
$1.9 billion credit facility expiring in October 2012 and a
$1.1 billion credit facility expiring in October 2010.
On October 9, 2007, we entered into a new five-year credit
agreement with an initial aggregate revolving commitment of
$1.9 billion which is scheduled to expire in October 2012.
Concurrent with the execution of the new credit agreement, we
terminated our five-year credit agreement dated January 20,
2004, which provided $750.0 million of revolving credit and
was scheduled to expire in January 2009, and our amended and
restated credit agreement dated October 17, 2006, which
provided $1.1 billion of revolving credit and was scheduled
to expire in October 2007. We then terminated our credit
agreement dated August 3, 2007, which provided an aggregate
revolving commitment of $750.0 million and was scheduled to
expire on December 6, 2007.
Notes Payable The components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows:
To ensure availability of funds, we maintain bank credit lines sufficient to cover our outstanding short-term borrowings. Our commercial paper borrowings are supported by $3.0 billion of fee-paid committed credit lines and $403.8 million in uncommitted lines. As of May 25, 2008, there were no amounts outstanding on the fee-paid committed credit lines and $133.8 million was drawn on the uncommitted lines, all by our international operations. Our committed lines consist of a $1.9 billion credit facility expiring in October 2012 and a $1.1 billion credit facility expiring in October 2010. On October 9, 2007, we entered into a new five-year credit agreement with an initial aggregate revolving commitment of $1.9 billion which is scheduled to expire in October 2012. Concurrent with the execution of the new credit agreement, we terminated our five-year credit agreement dated January 20, 2004, which provided $750.0 million of revolving credit and was scheduled to expire in January 2009, and our amended and restated credit agreement dated October 17, 2006, which provided $1.1 billion of revolving credit and was scheduled to expire in October 2007. We then terminated our credit agreement dated August 3, 2007, which provided an aggregate revolving commitment of $750.0 million and was scheduled to expire on December 6, 2007. This excerpt taken from the GIS 10-Q filed Oct 3, 2005. (7) Notes Payable The components of notes payable at the end of the respective periods were as follows:
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