ADFlex Announces Bank Credit Facility.CHANDLER Chandler, city (1990 pop. 90,533), Maricopa co., S central Ariz., in the Salt River valley; inc. 1920. It is both a residential community and a center for research and technology. Tourism is also important, and the San Marcos Golf Resort is in Chandler. , Ariz.--(BUSINESS WIRE)--Nov. 2, 1998--ADFlex Solutions Inc. (Nasdaq/NM:AFLX) Monday announced that it has signed an amended banking agreement with its existing banking syndicate led by BankBoston acting as agent. The total credit facility, composed of a $25 million term loan and a $20 million line of credit revolving loan, runs through the year 2002. The company's credit facility includes BankBoston, N.A.; Bank One, Arizona, N.A.; Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. ; and Imperial Bank of Arizona as lenders. ADFlex Solutions is a leading supplier of flexible circuit-based interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. solutions to the computer, computer peripheral and communication industries. Applications for flex-based inter-connects include cellular telephones, hard disk drives and other storage systems, high-end consumer products, notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. , pagers and personal communications. |
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