All American Semiconductor obtains $15 million in subordinated debt.MIAMI--(BUSINESS WIRE)--March 19, 1996--All American Semiconductor, Inc. (The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. :SEMI), a leading national distributor of electronic components, today announced that it has obtained $15 million in unsecured, subordinated bank debt, which matures in July 1997. Bruce M. Goldberg, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of All American, commented, "We are very pleased to have secured this subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". which will support the Company's rapid expansion and will allow us to continue to capitalize on the exciting opportunities we see in the electronic and semiconductor distribution marketplace." All American was recently ranked as the nation s 18th largest distributor of electronic components and the 9th largest distributor of semiconductors in the United States. All American has offices in 30 strategic locations throughout North America. CONTACT: All American Semiconductor Inc., Miami Bruce M. Goldberg, President Howard L. Flanders, CFO See Chief Financial Officer. 305/621-8282 ext. 1417 or The Equity Group Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Tamara Ehlin, 212/836-9607 Robert D. Goldstein, 212/371-8660 |
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