Commodore reached a new credit agreement.

The new credit arrangements with its major bankers will give the troubled computer company a $135-million credit line through March 15, 1987. Commodore has been negotiating against a month-end deadline for extension of loans, on which it was in technical default. Commodore Chairman Irving Gold said: “We are gratified by the re-establishment of normalized credit arrangements and look forward to restoring profitability this year.”