Printer Friendly

BARTON INDUSTRIES, INC. SEEKS BUYER; ANNOUNCES CREDIT AGREEMENT

 SHAWNEE, Okla., Feb. 11 /PRNewswire/ -- The board of directors of Barton Industries, Inc., announced today that it was actively seeking potential purchasers for the company and/or its Valve division and/or any of its operating subsidiaries. Management further announced that an interim credit agreement had been reached with American Bank & Trust Co. of Tulsa. It is anticipated by the company's management that the interim credit agreement will be maintained during the pendency of the company's efforts to identify potential purchasers for the company, its divisions and/or subsidiaries. Management also announced that it had received notice from American National Bank and Trust Company, Shawnee, Okla., that it was in default under its loan agreement in the approximate principal amount of $1,762,000.
 -0- 2/11/93
 /CONTACT: Don Cook of Barton Industries, 405-273-7660/


CO: Barton Industries, Inc. ST: Oklahoma IN: SU:

TM -- NY097 -- 5940 02/11/93 18:01 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 11, 1993
Words:152
Previous Article:ALEXANDER & ALEXANDER SERVICES INC., ALEXANDER & ALEXANDER EUROPE AND REED STENHOUSE COMPANIES LIMITED DECLARE REGULAR QUARTERLY DIVIDENDS
Next Article:S&P'S STOCK PRICE INDEX -- CLOSING, THURSDAY, FEB. 11 /PRN/
Topics:


Related Articles
Arbitrator vindicates Barton Beers.
BARTON INDUSTRIES DEFAULTS ON LOANS
Associated brands bought by Barton.
BARTON INDUSTRIES STILL IN DEFAULT UNDER LOAN AGREEMENTS
CANANDAIGUA WINE COMPANY, INC. ANNOUNCES COMPLETION OF BARTON ACQUISITION
CANANDAIGUA WINE COMPANY ANNOUNCES LETTER OF INTENT BETWEEN ITS BARTON DIVISION AND UNITED DISTILLERS GLENMORE TO ACQUIRE CERTAIN SPIRITS BRANDS
CANANDAIGUA WINE COMPANY SIGNS DEFINITIVE AGREEMENT TO ACQUIRE SPIRITS BRANDS
Harvard Announces Credit Agreement Progress
National Auto Credit Establishes Relationship With Buyer's Choice's, Inc. For New Consumer Warranty Program
China Trade Bill Passage Boosts Adatom.com's Exclusive Chinese Agreements.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters