NU Online News Service, Dec. 29, 2003, 12:11 p.m. EST – The Phoenix Companies Inc., Hartford, has replaced a $100 million credit facility that expired Dec. 22 with a new, $150 million, unsecured credit facility.[@@]
Units of FleetBoston Financial Corp., Boston, and Wachovia Corp., Charlotte, N.C., arranged the facility, which will serve as the equivalent of a corporate credit card for Phoenix and its subsidiaries.