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Eaton Signs Multiple Financing Agreements
Eaton (ETN) has announced two significant financing actions to improve its liquidity and financial flexibility. The company increased its existing revolving credit facility by $1.0 billion to a total of $4.0 billion and secured a new senior unsecured delayed draw term loan facility of up to $8.0 billion. These agreements, primarily with Citibank, are designed to provide additional near-term funding capacity and strengthen Eaton’s balance sheet.