Bergen Brunswig Gets Access to $450 Million
Dow Jones
Drug wholesaler Bergen Brunswig Corp. in Orange said Tuesday it has picked up $450 million in financing over five years by pledging its accounts receivable to a fund through GE Capital, which will sell securities based on the fund.
Bergen said in a press release that the arrangement, which replaces an existing $358-million program, provides less-expensive long-term access to capital and will allow Bergen to use the additional funding capacity to replace other, more costly outstanding debt.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
