November 6, 2009 (FinancialWire) — CBS Corp. (NYSE: CBS) has entered into a new three-year $2 billion revolving credit facility. The arrangement of the facility was led by J.P. Morgan Securities (NYSE: JPM) and Citigroup Global Markets (NYSE: C).

The new credit facility replaces the company’s previous, undrawn, revolving credit facility that was scheduled to expire in December 2010.

CBS said it would use the new facility to support commercial paper borrowings and for other general corporate purposes.

New York-based CBS is a mass media company has operations in broadcast television, cable television, local television, television production and syndication, radio, advertising on out-of-home media, publishing, interactive media, music, licensing and merchandising, video and DVD, and motion pictures.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.