Aluma Enterprises Inc. Completes CAD $95 Million Senior Secured Credit Facility.Business Editors TORONTO--(BUSINESS WIRE)--April 15, 2004 Aluma Enterprises Inc. today announced that it has completed a CAD $95 million senior secured credit facility with Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Foothill Inc. The five year facility consists of a CAD $30 million revolver revolver: see small arms. revolver Pistol with a revolving cylinder that provides multishot action. Some early versions, known as pepperboxes, had several barrels, but as early as the 17th century pistols were being made with a revolving chamber to commitment and a CAD $65 million term loan. The structure provides the company with enhanced liquidity to manage its operations and to fund future growth. President and Chief Executive Officer of Aluma Enterprises Inc., James Demitrieus, stated, "The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering under the new facility will be used for working capital, development of new markets and repayment of existing debt. Aluma Systems is now well positioned to enter our next phase of growth." Aluma Enterprises Inc. Aluma Enterprises Inc., privately held, with annual revenues of CAD $240 million, is based in Toronto, Canada. Founded in 1972, Aluma Systems is one of the largest North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. industrial scaffolding and concrete construction services companies. The company provides equipment and services to refineries, shipyards, oil platforms, power plants, tunnels, bridges, roadways and high-rise buildings high-rise building Multistory building taller than the maximum height people are willing to walk up, thus requiring vertical mechanical transportation. The introduction of safe passenger elevators made practical the erection of buildings more than four or five stories tall. . Aluma Systems has 32 offices worldwide and alliances in 20 countries. For further information on Aluma Systems and its services go to its homepage: www.aluma.com. Wells Fargo Foothill Inc. is a leading provider of asset-based financing Asset-based financing Methods of financing in which lenders and equity investors look principally to the cash flow from a particular asset or set of assets for a return on, and the return of, their financing. to middle-market companies for growth, recapitalizations, turnarounds and leveraged acquisitions. |
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