CML Announces Extension of Revolving Credit Facility.ACTON, Mass.--(BUSINESS WIRE)--July 13, 1998--CML Group, Inc. (NYSE NYSE See: New York Stock Exchange : CML 1. CML - A query language. ["Towards a Knowledge Description Language", A. Borgida et al, in On Knowledge Base Management Systems, J. Mylopoulos et al eds, Springer 1986]. 2. CML - Concurrent ML. ) announced today that its lenders have agreed to extend the term of its 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. facility through July 13, 1998. The Company is negotiating with its lenders and other potential financing sources to extend a revolving credit facility beyond the current expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. and to increase the amount of the facility. In the event the Company does not obtain additional financing, it may be forced to substantially curtail its business operations or to seek protection under the insolvency laws. CML is a marketer of products for consumers that enhance healthy, active lifestyles. Its products are sold under the trade names NordicTrack, Nordic Advantage and Smith & Hawken.
CONTACT: Lynn Harrison
Director of Investor Relations
(978) 264-4155
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