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Administrative agent Union Bank of Switzerland introduced a $900 million Dow Chemical credit facility to potential co-agents at a bank meeting last Thursday, sources said. Bankers' responses are due in two to three weeks.
The facility is being launched in conjunction with a partnership between Dow Brands, LP and Citicorp Bell-Lease, Inc., according to a Dow official. The new entity will manage and invest a portfolio of assets, the majority of...