Brightpoint, Inc. adds $25 million credit facilities for Brightpoint International.INDIANAPOLIS--(BUSINESS WIRE)--Oct. 15, 1996--Brightpoint, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CELL) announced today that it has obtained a commitment for additional credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities , in the aggregate amount of $25 million, dedicated to the Company's subsidiary, Brightpoint Brightpoint, Inc. (NASDAQ: CELL) is a leading global communications technology firm that specializes in the distribution of wireless devices and in providing customized logistics services to the wireless industry. International Ltd. The First National Bank of Chicago, and Bank One, Indianapolis, NA are the lending banks. These new credit facilities are in addition to Brightpoint's existing $75 million revolving line-of-credit facility. Current borrowings under the existing credit facility are $22.5 million. These new facilities provide funds for potential acquisitions and the working capital needs of Brightpoint International demonstrating the Company's commitment to growth in the international markets. Borrowings under the new facilities are guaranteed by the parent. Interest rate options are consistent with Brightpoint's existing credit facility. Brightpoint International Ltd., a subsidiary of Brightpoint, Inc., is headquartered in Manchester, England, and is responsible for all of Brightpoint's sales and marketing efforts outside of North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Brightpoint International Ltd. is led by T. Scott Housefield, President, and maintains sales offices in the United Kingdom, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . Brightpoint, Inc. distributes wireless communication equipment and related products globally and provides related services including inventory management, fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. , packaging and programming. The Company's primary mission is to always be the most efficient channel of distribution for vendors and the low cost/high service provider to customers, thereby striving to be the best total cost provider in terms of price, time and reliability. CONTACT: Brightpoint, Inc., Indianapolis J. Mark Howell, 317/297-6100 or The First National Bank of Chicago Cory M. Olson, 312/732-1706 or Bank One, Indianapolis, NA Brian D. Smith, 317/321-8354 |
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