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Tech Industry

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.

    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.