Centennial Technologies, Inc. announces it has increased its credit facility to $7,500,000.BILLERICA, Mass.--(BUSINESS WIRE)--Nov. 10, 1995--CENTENNIAL TECHNOLOGIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (AMEX AMEX See: American Stock Exchange : CTN ctn abbr. cotangent , CTN.WS) announced today that it renewed its revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. facility with The First National Bank of Boston. The renewed revolving line of credit allows CENTENNIAL to borrow up to $7,500,000 based upon a percentage of receivables and inventory. The limit on the line of credit was increased by the bank from $3,000,000. James Murphy James Murphy may refer to:
CENTENNIAL TECHNOLOGIES, INC. designs, manufactures and sells PC cards used in portable computers and industrial applications, font cartridges used in laser printers, and Flash SIMM Modules used in embedded applications. CONTACT: Centennial Technologies, Inc., Billerica James M. Murphy, (508) 670-0646 or L.G. Zangani, Flemington, N.J. Leonardo Zangani, (908) 788-9660 |
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