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Non-Tech : Zale Corporation (NYSE:ZLC)
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To: PHILLIP FLOTOW who wrote (4)3/31/2000 9:00:00 AM
From: PHILLIP FLOTOW  Read Replies (1) of 7
 
03/31 7:01A (DJ) Zale Gets 5-Yr Credit Line With Initial $225M Commitment

Zale Gets Credit Line Commitment May Rise To $300M
Fleet Natl Bank Leads Lending Grp>ZLC
DALLAS (Dow Jones)--Zale Corp. (ZLC) received a five-year unsecured credit
line with an initial commitment of $225 million.
In a press release Friday, the jewelry retailer said the facility may be
increased to $300 million under certain conditions.
Zale Corp. had earnings for the year ended July 31 of $80.9 million, or
$2.21 a diluted share, on sales of $1.43 billion.
FleetBoston Financial Corp.'s (FBF) Fleet National Bank will lead the group
of nine banks in providing the facility, which replaces another $225 million
unsecured working capital line.
-Roy R. Reynolds; Dow Jones Newswires;

PHIL
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