January 1, 2008
Nautilus Inc announced that it has signed a commitment letter with Bank of America, N.A. to replace its current debt facility with an underwritten 5-year, $100 million asset-based loan with an accordion feature to increase to $125 million.
The agreement is expected to close January 14, 2008. The loan will be syndicated by Bank of America prior to or after closing. In the interim, the Company has negotiated a forbearance on its existing debt facility.
"Our new line of credit is expected to provide sufficient liquidity to support our business strategy and the interests of our shareholders," said Bob Falcone, President and CEO of Nautilus Inc.
Nautilus Inc
Source at Fibre2fashion.com
Đăng ký:
Đăng Nhận xét (Atom)
Bài đăng phổ biến
-
January 17, 2008 Grendene SA is going to participate in Winter Expo Riva Schuh. The Winter Expo Riva Schuh is held on January 12-15 at Riva ...
-
January 30, 2008 A well attended Premier KIDS took place 27-29 January 2008 with visitor figures (on a par with last year and many of the ke...
-
SpringBoost is dramatically boosting its U.S. sales capability to open new doors and better service retailers already carrying the line. New...
-
January 30, 2008 Kao Corporation will enhance and relaunch the Men's Bioré series nationwide in Japan on March 8, 2008. The improved ser...
-
Christmas will be extra glamorous this year. Supermodel Alek Wek will model Lindex's Christmas lingerie, which brightens up the winter d...
-
PUMA has issued its new Sustainability Report 2005/2006. For the first time, German Technical Service and Assurance Provider TÜV Rheinland v...
-
Piramyd Retail Ltd has informed that a Share Purchase Agreement dated December 08, 2007 has been entered between Indiabulls Wholesale Servic...
-
January 30, 2008 The Board of Directors of Dabur India Ltd (DIL) met to consider the unaudited financial results of the company for the quar...
-
January 24, 2008 J.Crew Group Inc announced that its President, Jeffrey Pfeifle, will leave the Company effective February 1, 2008. Millard ...
-
January 30, 2008 Men's Wearhouse announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share on the Comp...
Không có nhận xét nào:
Đăng nhận xét