Eaton replaces credit facilities with two new $750 million revolvers

By Lisa Kerner

Charlotte, N.C., June 28 - Eaton Corp. announced it put in place two new $750 million revolving credit facilities to replace two $500 million revolving credit facilities that were to expire within the year.

The new facilities will expire in June 2015 and June 2017, according to a company news release.

Also, Eaton's $500 million facility expiring in June 2016 was amended to contemplate the acquisition of Cooper Industries plc announced on May 21.

Eaton is a Cleveland-based diversified industrial manufacturer.

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