June 20 (Reuters) - Equitable Group Inc EQB.TO :
* EQUITABLE BANK REDUCES SIZE OF SECURED BACKSTOP FACILITY
* EQUITABLE GROUP INC - EQUITABLE BANK HAS REDUCED SIZE OF ITS SECURED LIQUIDITY BACKSTOP FACILITY TO $850 MILLION FROM $2.0 BILLION, EFFECTIVE JUNE 25, 2018
* EQUITABLE GROUP - CO TO ALSO WRITE-DOWN $5.8 MILLION OF UNAMORTIZED UP-FRONT COSTS ASSOCIATED WITH $1.15 BILLION REDUCTION IN CURRENT QUARTER
* EQUITABLE GROUP - TO SAVE ABOUT $1.4 MILLION OF PRE-TAX STANDBY FEES EACH QUARTER THROUGH TO MATURITY OF BACKSTOP IN JUNE 2019