Dynacq Reports New Relationship With Merrill Lynch.Business Editors HOUSTON--(BW HealthWire)--April 19, 2001 Dynacq International Inc. (Nasdaq:DYII) announced today that it has established a credit facility with Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Business 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. Inc., to refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. existing debt and provide for future acquisitions. Chiu M. Chan, 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 Dynacq, stated, "We are very happy to have developed this new relationship and are pleased to have met the high standards required to qualify for this credit facility. This arrangement provides Dynacq with the financial flexibility necessary to achieve our goals. We are grateful to Merrill Lynch for their support and we expect this to be the beginning of a long and mutually rewarding relationship. During the past fiscal year, Dynacq International Inc. has been recognized by the Houston Chronicle chronicle, official record of events, set down in order of occurrence, important to the people of a nation, state, or city. Almanacs, The Congressional Record in the United States, and the Annual Register in England are chronicles. newspaper as one of the top 10 fastest growing public companies in Houston This is an incomplete list of major companies headquartered in Houston, Texas and the Houston–Sugar Land–Baytown metropolitan area. Houston is known for its oil and gas industry and it should also be noted that only New York City has more Fortune 500 companies. and by Individual Investor as one of the top 15% fastest growing public companies in America. Dynacq International Inc. specializes in creating quality and efficient community-based, one stop healthcare resource centers designed to meet the needs of physicians and their patients. Certain statements in this release are forward-looking. Although the company believes its expectations are based on reasonable assumptions within the bounds of the knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. For factors that may cause results to differ, please refer to the company with the Securities and Exchange Commission. |
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