EDS set to raise $1.7B in funding

Electronic Data Systems has announced that it expects to raise $US1.7 billion in new funding through private debt offerings.

The deals followed decisions by two major credit-rating agencies to downgrade their ratings of the struggling IT services firm's debt.

EDS said it would also prepay $US227 million that it owed to an unidentified software vendor.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about EDS AustraliaElectronic Data Systems

Show Comments