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HADCO CORPORATION SIGNS CREDIT AGREEMENTS WITH BANK OF BOSTON AND CHASE MANHATTAN BANK

 SALEM, N.H., July 13 /PRNewswire/ -- HADCO Corporation (NASDAQ: HDCO) today announced the signing of $25 million in unsecured revolving credit agreements with Bank of Boston (NYSE: BKB) ($15 million) and Chase Manhattan Bank (NYSE: CMB) ($10 million), which in total will provide HADCO with an additional $10 million in available unsecured credit. Both agreements provide for revolving credit for three years, at which time any outstanding balances can be converted into a four-year-term loan agreement.
 Rodney P. DeRego, chief financial officer, stated "The new credit agreement will provide HADCO with the enhanced financial flexibility to invest in technologies and capabilities required to be successful in the electronic interconnect marketplace."
 HADCO is a leading North American independent manufacturer of dense double-sided and multilayer printed circuits, serving customers in the following industries: computers, automotive, telecommunications and instrumentation, including medical and industrial automation. The company also manufactures and assembles backplanes for electronic interconnect systems. It operates six facilities in the United States.
 -0- 7/13/93
 /CONTACT: Rodney P. DeRego, vice president and chief financial officer of HADCO, 603-898-8000/
 (HDCO BKB CMB)


CO: HADCO Corporation; Bank of Boston; Chase Manhattan Bank ST: New Hampshire IN: CPR, FIN SU: FNC

DJ-CM -- NE004 -- 0965 07/13/93 14:40 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:206
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