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LINCOLNSHIRE, Ill. - Hewitt Associates Inc. said Tuesday it received $500 million in financing that will be used to pay down debt and buy back stock, among other purposes.
| HEW | 28.9 |  -0.49 |
The human resources company received a $270 million five-year term loan and $230 million in privately placed senior unsecured notes.
Proceeds will be used for general corporate purposes that may include the repayment of debt, share repurchases, and future acquisitions.
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