Printer Friendly

EXTENSION AND RENEWAL OF PRINCIPAL CREDIT FACILITY

 EXTENSION AND RENEWAL OF PRINCIPAL CREDIT FACILITY
 LAKEWOOD, Colo., Dec. 2 /PRNewswire/ -- Capital Associates, Inc.


(NASDAQ: CAII), announced today that the Company and its senior lenders signed Amendment No. 3 to the company's principal credit facility. Amendment No. 3 extends the term of that facility to December 16, 1991. "The purpose of the extension," said Mr. Lacey, the CEO of the Company, "is to provide the parties with sufficient time to conclude ongoing discussions, draft a twelve-month renewal of the facility and provide the senior lenders with the time necessary to obtain the approvals for such renewal." Mr. Lacey expressed optimism that the parties would sign the renewal by December 16, 1991.
 Capital Associates, Inc., an equipment leasing and asset management company, is principally engaged in (1) buying, selling, leasing and remarketing new and used equipment, (2) managing equipment on and off-lease, (3) sponsoring, co-sponsoring, managing and co- managing publicly-registered income funds, and (4) arranging equipment-related financing.
 -0- 12/2/91
 /CONTACT: Corporate Communications of Capital Associates, 303-980-1000/
 (CAII) CO: Capital Associates, Inc. ST: Colorado IN: FIN SU:


MC -- DV001 -- 8339 12/02/91 12:06 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 2, 1991
Words:187
Previous Article:BAYOU STEEL CORPORATION FOURTH QUARTER FISCAL 1991 RESULTS
Next Article:E-SYSTEMS UNIT AWARDED TWO NEW ARMY CONTRACTS
Topics:


Related Articles
CHANCELLOR ANNOUNCES THIRD QUARTER RESULTS; RENEWAL OF CREDIT FACILITY
EL PASO ELECTRIC ANNOUNCES DELAY ON CLOSING OF ITS FINANCIAL RESTRUCTURING
CAPITAL ASSOCIATES ANNOUNCES RENEWAL OF PRINCIPAL CREDIT FACILITY
QUANEX INTENDS TO CALL 9-1/8 PERCENT CONVERTIBLE DEBENTURES FOR REDEMPTION UPON COMPLETION OF PREVIOUSLY ANNOUNCED SECURITIES OFFERING
DVI HEALTH SERVICES EQUIPMENT FINANCING SUBSIDIARY INCREASES REVOLVING CREDIT FACILITY WITH CONSORTIUM OF BANKS
FOOTHILL GROUP SUBSIDIARY COMPLETES ANNUAL RENEWAL OF BANK CREDIT FACILITY AND INCREASES AMOUNT TO $235 MILLION
CHANCELLOR ANNOUNCES NEW FINANCING LINE AND RENEWAL OF CREDIT FACILITY
ElderTrust Announces Tentative Agreement with German American Capital Corp.
House Passes Incentives for Investment In Poorest Communities.
Destination News - Car Rental.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters