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Strategies & Market Trends : Speculating in Takeover Targets

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Jan 23 9:30 AM EST

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To: richardred who wrote (674)	6/3/2005 12:16:49 AM
From: richardred	of 7260

Blyth Gets $150 Million Credit Line Thursday June 2, 6:29 pm ET Blyth Inc. Gets $150 Million Credit Line With $50 Million Expansion Option GREENWICH, Conn. (AP) -- Blyth Inc., a designer and marketer of home fragrances and decor, on Thursday said it arranged for a five-year $150 million credit line. The unsecured revolving credit facility replaces the company's previous $200 million credit line, which was scheduled to expire in August. The new borrowing limit includes a $50 million expansion feature and matures June 2, 2010. JPMorgan Chase Bank led the banking syndication. Blyth said it plans to use the credit to fund seasonal capital needs and pay for acquisitions. "The company's operations are increasingly seasonal following approximately one acquisition each year over the past decade," Blyth said in a statement. Shares of Blyth closed up 47 cents at $29.47 on the New York Stock Exchange. biz.yahoo.com

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