Printer Friendly

GALOOB ANNOUNCES NEW MULTI-YEAR FINANCING LINE

 SAN FRANCISCO, March 18 /PRNewswire/ -- Lewis Galoob Toys, Inc. (NYSE: GAL, GAPLR) today announced that it has received a commitment from Congress Financial Corporation for a new financing line. This new two year facility, which is subject to the execution of a definitive agreement, provides for a Revolving Credit Line of up to $40 million inclusive of an Acquisition Financing Facility.
 "The new financing agreement is a major part of our two year strategic re-building, which is now at its mid-point. Replacing our prior one year agreements, this multi-year facility provides increased borrowing flexibility and gives us the ability to continue to aggressively pursue our goals," states Mark Shepherd, chief financial officer. He continues, "The acquisition facility provides financial resources for growth and expansion."
 Galoob designs, develops, markets and sells quality toys and video game accessories worldwide.
 -0- 3/18/93
 /CONTACT: Mark Shepherd, senior vice president - finance and chief financial officer of Lewis Galoob Toys, Inc., 415-952-1678, ext. 2225, or Rita Blomberg, senior account executive of Schwartz Public Relations Association, Inc., 212-677-8700, for Lewis Galoob Toys, Inc./
 (GAL)


CO: Lewis Galoob Toys, Inc. ST: California IN: HOU SU: FNC

LR-OS -- NY030 -- 7428 03/18/93 11:05 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 18, 1993
Words:199
Previous Article:UNITED STATES CELLULAR EXPANDS BOARD AND ADDS ALLAN Z. LOREN AS DIRECTOR
Next Article:GENERAL SIGNAL DECLARES REGULAR DIVIDEND
Topics:


Related Articles
GALOOB REPORTS SECOND QUARTER FIGURES
GALOOB REPORTS FIRST PROFITABLE QUARTER SINCE 1989
GALOOB REPORTS FIRST PROFITABLE FOURTH QUARTER SINCE 1989
GALOOB REPORTS FIRST PROFITABLE FOURTH QUARTER SINCE 1989
GALOOB REPORTS FIRST QUARTER RESULTS
GALOOB TOYS REPORTS REDUCED SECOND QUARTER LOSS
GALOOB TOYS REPORTS THIRD QUARTER RESULTS
GALOOB REPORTS FOURTH QUARTER RESULTS
GALOOB REPORTS FOURTH QUARTER RESULTS
GALOOB EARNS A RECORD $0.93 PER SHARE IN FOURTH QUARTER; PROFITS SOAR 80 PERCENT FOR ALL OF 1995

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters