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ROADMASTER COMPLETES REFINANCING; SECURITY PACIFIC LED GROUP PROVIDES TOTAL LOAN FACILITY OF $74 MILLION

 ROADMASTER COMPLETES REFINANCING;


SECURITY PACIFIC LED GROUP PROVIDES TOTAL LOAN FACILITY OF $74 MILLION
 Englewood, Colo., April 20 /PRNewswire/ -- Roadmaster Industries Inc. ("RMI") (NASDAQ: WHEL) announced today that its Roadmaster Corp. wholly-owned unit ("Roadmaster") had completed a refinancing of its combined loan facilities. The company said that the new loan agreement provides a total credit facility of $74 million consisting of $63.5 million revolving credit facility and term loans of $10.5 million. Security Pacific Business Credit Inc., a wholly-owned subsidiary of Security Pacific Corp., was the agent along with Midlantic National Bank, National Bank of Canada and Barclay's Business Credit Inc. as co-lenders.
 The initial term for the new loan agreement is through Dec. 31, 1993 and is renewed for automatic successive one-year terms. The revolving credit facility is based on Roadmaster's eligible trade receivables and inventories and has an interest rate of 2 percent over prime.
 Roadmaster Industries operates through its two wholly-owned subsidiaries, Roadmaster Corp. and Hamilton Lamp Corp. Roadmaster Corp. is a leading designer and manufacturer of Roadmaster junior wheel goods, Roadmaster bicycles and Vitamaster fitness equipment. Hamilton Lamp Corp. is a leading manufacturer of lamps and replacement shades.
 -0- 4/20/92
 /CONTACT: Thomas B. Olson of Equitex, 303-290-8150, for Roadmaster Industries/
 (WHEL) CO: Roadmaster Industries Inc.; Security Pacific Corp. ST: Colorado IN: SU:


MC -- DV011 -- 0197 04/20/92 15:57 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
Words:229
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