Port Townsend replaces credit facility.PORT TOWNSEND REPLACES CREDIT FACILITY. Port Townsend Paper Corp., Port Townsend, Washington Port Townsend is a city in Jefferson County, Washington, United States. The population was 8,334 at the 2000 census. It is the county seat and only incorporated city of Jefferson CountyGR6. , USA announced it has closed on a five-year, US$ 35 million revolving credit agreement Revolving credit agreement A legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period. revolving credit agreement See line of credit. with The CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group/Business Credit Inc. and CIT Business Credit Canada Inc. (CIT). The new facility replaces and extinguishes the company's former US$ 30 million revolving credit facility. |
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