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Author: Prophet43M One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35365  
Subject: BP NOT Eyeing Major Bond Raising: Sources Date: 6/21/2010 1:22 PM
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BP NOT Eyeing Major Bond Raising: Sources

An interesting turnabout from the article last week on MSN

"BP is eyeing relatively modest new bank lending lines and is not planning bond sales or new increases in asset sales to fund its Gulf of Mexico oil spill clean-up, sources familiar with the company's thinking said on Monday.

BP has considered a number of different scenarios to raise additional cash, should the need arise, such as additional asset sales and a potential bond offering.

But for now, the company is confident its cash resources can cover the bulk of the clean-up costs, one source said."
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