Printer Friendly

FREMONT EXTENDS CREDIT LINES EXCEEDING $10 MILLION TO THREE NEW ENGLAND COMPANIES

 FREMONT EXTENDS CREDIT LINES EXCEEDING $10 MILLION
 TO THREE NEW ENGLAND COMPANIES
 SANTA MONICA, Calif., Jan. 22 /PRNewswire/ -- Fremont Financial Corp., a subsidiary of Fremont General Corp. (NASDAQ: FRMT), today announced it has extended credit lines exceeding $10 million to three New England companies.
 VITRONIX Corp., headquartered in Westboro, Mass., has received a $4.0 million revolving line of credit. VITRONIX distributes computer- related products for local area networking and multi-user systems and provides educational and consulting services.
 Lewco Corp., based in Stamford, Conn., has been extended a $3.8 million line of credit. Lewco manufactures and distributes licensed toys for young children. Lewco is the licensee for Children's Television Workshop, producers of "Sesame Street," and Wilson's Sporting Goods.
 Turex, Inc. Packaging Films of Harrisville, R.I. received a $2.6 million line of credit. Turex manufacturers plastic packaging film primarily for applications in the food industry.
 Robert N. Tenney, president and chief executive officer of Fremont Financial, said all three companies plan to use the funds for general working capital purposes. He said Fremont's New York office, under the direction of Edward G. Flynn, handled the transactions.
 Founded in 1969, Fremont Financial Corp. is the commercial finance subsidiary of Fremont General Corp., a financial services and insurance holding company. Fremont Financial specializes in providing asset-based loans ranging from $1 million to $5 million to middle market companies. Based in Santa Monica, Calif., Fremont Financial is a nationwide lender with offices in Los Angeles, New York, Chicago, Atlanta and Minneapolis.
 -0- 1/22/92
 /CONTACT: Robert N. Tenney, president and CEO of Fremont Financial Corp., 310-315-5550; Roger S. Pondel of Rifkind Pondel & Parsons, 310-207-9300, for Fremont Financial Corp./
 (FRMT) CO: Fremont Financial Corp. ST: California IN: FIN SU:


EH-JL -- LA008 -- 2243 01/22/92 11:30 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 22, 1992
Words:297
Previous Article:BROWN NAMED CHAIRMAN AND CEO OF CRUM AND FORSTER; VAIRO RETIRES
Next Article:APPLE ANNOUNCES A/UX 3.0 UPDATE PROGRAM
Topics:


Related Articles
THE BOSTON COMPANY COMMITS $35 MILLION TO AFFORDABLE HOUSING
FREMONT FINANCIAL EXPANDS IN EASTERN U.S. WITH ACQUISITION OF DANA BUSINESS CREDIT
FREMONT FINANCIAL EXTENDS RECORD $15 MILLION CREDIT LINE TO NEW JERSEY-BASED COMPANY
MEDIA VISION SIGNS LETTER OF INTENT FOR $10 MILLION CREDIT LINE
KOMAG SIGNS NEW CREDIT LINES TO SUPPORT FUTURE GROWTH OPPORTUNITIES
FREMONT GENERAL CORP. ANNOUNCES COMPLETION OF THE ACQUISITION OF CASUALTY INSURANCE CO.
AUREAL ANNOUNCES FURTHER EQUITY INVESTMENT RECEIVED
Digital Recorders Obtains New $10 Million Credit Facility.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters