3Com gets rid of debt

The markets approve...

By Julian Goldsmith, 4 December 2001 08:38

NEWS Network equipment maker 3Com said it has completed a $210m credit facility, so it can fulfil outstanding lease obligations. The company said Bank of America has acted as its agent. The move is in line with a statement put out in its last quarterly earnings. In response, 3Com shares rose by four per cent on the Nasdaq exchange yesterday.

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