John Cromie, Chair of Connell Foley’s Corporate and Business Law Group, was quoted August 8, 2022 in an NJBIZ article entitled "A tailored response: As interest rates rise, bankers weigh in on the lending landscape." John talks about companies attempting to manage credit risk by converting their outstanding credit lines or variable-rate loans to a fixed-term loan. As he explains, “More businesses are reevaluating their capital needs and are trying to lock in lower-rate loans.”
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