Anthony Industries announces a proposed common stock offering.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 25, 1995--Anthony Industries Inc. (NYSE NYSE See: New York Stock Exchange :ANT) announced that it proposes to file in the near term a registration statement in connection with an underwritten public offering by the company of 4 million primary shares of its common stock. The proceeds of the proposed offering (to be made only by means of a prospectus) will be used to reduce borrowings under the company's revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line which were used in part for development and introduction of new products and strategic acquisitions. CONTACT: Anthony Industries Inc., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. John J. Rangel, 213/890-5830 |
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