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Zebra Technologies Corporation has entered into a five-year, US$100 million revolving credit facility. Zebra will be able to draw upon the credit facility for working capital and general corporate purposes, including stock buybacks and acquisitions. The revolving credit facility has a US$100 million accordion feature that allows the company to increase the facility up to a total of US$200 million subject to obtaining commitments for the incremental capacity from existing or new lenders. The lead arranger and book runner for the new credit facility is J.P. Morgan Securities, with Northern Trust Co. as the syndication agent, Bank of America, NA as the documentation agent, and JPMorgan Chase Bank, NA as the administration agent. Also included in the facility allocation are Wells Fargo Bank, NA and RBS Citizens, NA
Source: Zebra Technologies Corporation
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