Bristol-Myers Squibb (BMS) Company reports that it maintains a ($2) billion, five-year revolving line of credit with

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Bristol-Myers Squibb (BMS) Company reports that it maintains a $$2$ billion, five-year revolving line of credit with a syndicate of lenders. The company disclosed in its annual report that:

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Financial Accounting For Executives And MBAs

ISBN: 9781618531988

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Authors: Wallace, Simko, Ferris

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Question Posted: May 18, 2024 11:02 PM

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Bristol-Myers Squibb (BMS) Company reports that it maintains a ($2) billion, five-year revolving line of credit with

Question:

The availability of the line of credit is subject to the Company's ability... to meet certain con- ditions, including a financial covenant in which net debt-to-capital cannot exceed 50 percent.

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Financial Accounting For Executives And MBAs

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