Short Take: AOL secures financing

America Online said it has secured a $200 million revolving line of credit through a syndicate of commercial lenders managed by Chase Manhattan Bank, with Dai-Ichi Kangyo as co-agent. As of September 30, 1997 the company had cash and cash equivalents totaling $228.9 million.

Dec. 4, 1997 7:10 a.m. PT

said it has secured a $200 million revolving line of credit through a syndicate of commercial lenders managed by Chase Manhattan Bank, with Dai-Ichi Kangyo as co-agent. As of September 30, 1997 the company had cash and cash equivalents totaling $228.9 million.