San Antonio City Guide

Smith International, Inc. Announces New $1.0 Billion Credit Facility

HOUSTON–(BUSINESS WIRE)–Smith International, Inc. (NYSE:SII) announced today that it has secured a new 39-month revolving credit facility in the amount of $1.0 billion. The revolving credit facility supplements the $375 million facility that expires in July 2010. The company has terminated the $400 million credit facility that was scheduled to expire in May 2010. There are no outstanding balances on any of the facilities at this time. The terms of the new facility include an interest rate of t

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Smith International, Inc. Announces New $1.0 Billion Credit Facility

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