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CAPITAL ASSOCIATES ANNOUNCES RENEWAL OF PRINCIPAL CREDIT FACILITY

 CAPITAL ASSOCIATES ANNOUNCES RENEWAL OF PRINCIPAL CREDIT FACILITY
 LAKEWOOD, Colo., Dec. 17 /PRNewswire/ -- Capital Associates, Inc. (NASDAQ: NMS CAII), announced today that the Company and its senior lenders signed a one year renewal of its principal credit facility. The renewal provides for: (i) a $10.75 million Revolving Credit Facility, (ii) a $64.1 million Term Loan to be amortized at a minimum of $1.25 million per month over the next year, and (iii) interest at prime plus 1 percent. "The Company is extremely pleased with the terms of the renewal," said Dennis Lacey, the President and CEO of Capital. "We believe we now have in place adequate financing to conduct operations and to do new business consistent with our 1992 Business Plan."
 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- 12/17/91
 /CONTACT: Corporate Communications of Capital Associates, 303-980-1000/
 (CAII) CO: Capital Associates, Inc. ST: Colorado IN: FIN SU:


MC -- DV001 -- 2826 12/17/91 09:01 EST
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Publication:PR Newswire
Date:Dec 17, 1991
Words:199
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