E*TRADE FINANCIAL Corporation has announced the completion of a three-year $250 million senior secured revolving credit facility.
The facility will be used for general corporate purposes which may include the funding of transaction-related expenses and regulatory capital needs associated with the company’s acquisition of Harrisdirect and planned acquisition of BrownCo.
“We are pleased to have established a $250 million bank facility,” said Robert J. Simmons, the company’s chief financial officer. “This transaction provides the company with ongoing access to long-term liquidity and improves our financial flexibility.”