Summary: Louis Dreyfus Corp. Dec 02
- ID: 1885877
- December 2002
- Standard & Poors
Louis Dreyfus Corp., a Delaware corporation (formerly a New York corporation), is authorized to issue commercial paper in the aggregate amount of $410 million under three separate programs. The proceeds will be used for general working capital purposes. Payment of maturing commercial paper is made with proceeds from an irrevocable direct-pay LOC supporting each respective program. Barclays Bank PLC provides an LOC supporting one program, series A for $78 million and series B in the amount of $222 million, totaling $300 million. Credit Agricole Indosuez S.A. provides support to two programs in the form of LOCs in the respective amounts of $94.5 million and $40.5 million. The rating of each program is dependent upon the rating of the bank providing...
Companies mentioned in this report are:
- Dresdner Bank AG
- Barclays Bank PLC
- Credit Agricole Corporate and Investment Bank
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