Philips Electronics (NYSE:PHG) has paid an interest margin of 40 basis points on its $1.8 billion loan refinancing.

Philips Electronics (NYSE:PHG) Pays A Premium

Its bankers have announced that Philips Electronics (NYSE:PHG) is the latest European investment-grade company to take advantage of liquidity in the loan market to cut its borrowing costs.

However, the new margin represents a 35 basis point savings for the company on a 1.8 billion euro loan and reveals how top companies have slipped in the past year for loan pricing.

Philips Electronics (NYSE:PHG) shares are currently standing at 32.29.

Price History
Last Price: 32.29
52 Week Low / High: 26.52 / 36.06
50 Day Moving Average: 31.82
6 Month Price Change %: 11.2%
12 Month Price Change %: 4.7%