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
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|Date:||Dec 2, 1991|
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