Ryland Boosts Credit Line

It uses the accordion feature.
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Homebuilders

Ryland Group

(RYL)

said Friday that it increased its unsecured revolving credit facility, using the accordion feature, to $1.13 billion from $750 million.

The Calabasas, Calif.-based company added that the facility, which matures in 2011, could be increased up to $1.5 billion if needed.

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