Packard Bell Electronics Inc, Sacramento has won a new $350m revolving line of credit arranged for it by BankAmerica Business Credit. The new line replaces an existing one of $225m that had been arranged by Congress Financial Corp. BankAmerica and 13 other financial institutions are contributing, including Congress, General Electric Capital Corp and Sanwa Business Credit Corp. The new financing will provide capital to fund continued growth and will enable it to refinance existing bank debt.
