Control Data Corp. has established a secured...

Control Data Corp. has established a secured $225-million line of credit with a group of nine banks led by Bank of America, the computer company said. The arrangement, Control Data’s first line of credit in the United States since its financial restructuring in 1986, provides for up to $125 million in standby letters of credit and up to $100 million of revolving credit. Bloomington, Minn.-based Control Data, with $3.4 billion in revenue in 1987, provides computer products and services for science, engineering and business applications worldwide.