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HUGHES SUPPLY, INC. AND SUNTRUST CORPORATE FINANCE ANNOUNCE THE CLOSING OF A $100 MILLION REVOLVING CREDIT FACILITY

 ORLANDO, Fla., June 1 /PRNewswire/ -- Hughes Supply, Inc. (NYSE: HUG) and SunTrust Corporate Finance, a unit of SunTrust Banks, Inc., announce the closing of a $100 million Revolving Credit Facility. This new syndicated credit facility between Hughes Supply, and six financial institutions, including SunBank, N.A., Trust Company Bank, First Union National Bank of Florida, NationsBank of Florida, N.A., SouthTrust Bank of Alabama, and The Daiwa Bank, Limited, will add additional credit capacity and replaces separate revolving loan agreements with three of these financial institutions. The additional credit capacity will be available for general corporate purposes, which include the financing of future working capital needs, as well as potential future acquisitions.
 -0- 6/1/93
 /CONTACT: David H. Hughes, president of Hughes Supply, Inc., 407-841-4710/
 (HUG)


CO: Hughes Supply, Inc.; SunTrust Corporate Finance ST: Florida IN: CST SU:

JB-AW -- FL002 -- 3881 06/01/93 10:59 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
Words:148
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