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Issuance Of Corporate Lines Of Credit Sinks To Its Lowest Level Since 1993

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Vincent Ryan, CFO.com | US
 January 15, 2010 New issuance of syndicated, revolving lines of credit dropped 28% by dollar volume in 2009, according to data from Reuters Loan Pricing, as companies shifted their sources of liquidity and reduced reliance on bank credit. The $547 billion in volume issued was one-third 2007's record issuance of $1.68 trillion, but the drop was less than 2008's fall of 55%.