Chalone Wine Group and Rabobank International Finalize Private Placement Offering of 30 Million Dollars In Unsecured Financing.Business Editors/Food & Wine Writers NAPA, Calif.--(BUSINESS WIRE)--Sept. 22, 2000 Chalone chalone /chal·one/ (kal´on) a group of tissue-specific water-soluble substances that are produced within a tissue and that inhibit mitosis of cells of that tissue and whose action is reversible. Wine Group announced completion of its private placement offering of 30 million dollars in long term unsecured financing. The deal was finalized on September 15, 2000. Rabobank International acted as agent on the placement to Agstar Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , PCA (tool, programming) PCA - A dynamic analyser from DEC giving information on run-time performance and code use. and Farm Credit Services of America, PCA. The loans are structured into three pieces with a blended rate of 8.835% with a term of ten years. "The placement of this long term debt allows us to lock in our costs for our recent Napa Valley vineyard acquisitions, the Hewitt and Suscol Creek vineyards and our purchase of the Jet Ranch property in Washington State," said Thomas B. Selfridge President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Chalone Wine Group. "We have structured the placement to be interest only until 2004. This will allow us to coordinate the start of the principal payments with the start of the revenue generated by the release of the wines grown on the Napa Valley properties," said Paul Ogorzelec Chief Financial Officer of the Chalone Wine Group. "We believe this is a significant step that will support our long term growth plans. It also demonstrates a level of financial sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. that is normally associated with larger companies," said Tom Selfridge. Chalone Wine Group, Ltd. (Nasdaq:CHLN), "the Company," is a Napa-based company specializing in premium white and red varietal wines. In California, the Company owns and operates Chalone Vineyard in Monterey County, Acacia Winery in the Carneros District of Napa County, and Carmenet Vineyard in Sonoma County. In conjunction with its 50 percent joint-venture partner, Paragon Vineyard Co., the Company also owns and operates Edna Valley Vineyard in San Luis Obispo San Luis Obispo (săn l  `ĭs ōbĭs`pō), city (1990 pop. 41,958), seat of San Luis Obispo co., S Calif., near San Luis Obispo Bay; inc. 1856. County. Additionally, the Company produces and markets wines of Central Coast appellation ap·pel·la·tion n. 1. A name, title, or designation. 2. A protected name under which a wine may be sold, indicating that the grapes used are of a specific kind from a specific district. 3. The act of naming. under the brand name Echelon Vineyards. In the state of Washington, the Company owns and operates Sagelands Vineyard (formerly Staton Hills) and is a 50.5 percent managing partner in Canoe Ridge Vineyard. In the Bordeaux region of France, the Company owns 23.5 percent of the fourth-growth estate of Chateau Duhart-Milon, in partnership with Domaines Barons de Rothschild (Lafite), which owns the other 76.5 percent. |
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