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| Ryland amends revolving credit facility The Ryland Group, Inc., one of the U. S. largest homebuilders, announced that it has amended its unsecured revolving credit facility and reduced the aggregate commitments from $1.1 billion to $750 million. This reduction of commitments by the company reflects its reduced capital needs and lowers related unused and administrative fees. The facility maturity date of January 2011 and the uncommitted accordion feature to $1.5 billion remain unchanged. write your comments about the article :: © 2007 Construction News :: home page |