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IBM extends additional credit

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IBM today said it will extend its CHS Electronics credit facilities totalling $250 million, according to Reuters. IBM will provide working capital for additional inventory and accounts to several CHS companies. These include the Central European region, the German, Austrian and Swiss distribution companies of CHS and Karma BV and Karma Latin America. The article said the extra cash will be used for the Miami-based broadline distributor’s growth. ®

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