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Non-Tech : TRND -- Back from the Dead? -- Ignore unavailable to you. Want to Upgrade?

To: BMcV who wrote (24)	2/12/1999 5:30:00 PM
From: BMcV	Respond to of 57

renewed credit facility: biz.yahoo.com So at least TRND's bankers think they are worth a chance. But doesn't that interest rate seem high (LIBOR + 2 1/4%)? Otherwise, it's business as usual; every year they get a raise from their banker as business expands. Trend-Lines' Credit Facility Raised from $80 Million to $100 Million Increase Will Provide Capital and Finance Internet Expansion REVERE, Mass., Feb. 12 /PRNewswire/ -- Trend-Lines, Inc. (Nasdaq: TRND - news) today announced that it has received a commitment from a syndicate of financial lenders led by Bank of America Business Credit to increase the amount of the Company's revolving credit facility. The new agreement would increase the facility to $100 million from $80 million and would extend the line of credit through December 2001. Interest on borrowings remains the same at LIBOR +2.25%. Closing of the new credit facility is subject to customary conditions and documentation. Stanley Black, Chairman and Chief Executive Officer, commented, ''We are very pleased to have completed our negotiations on the essential terms of this favorable financing which will help improve our liquidity position, fund ourworking capital needs and finance our Internet expansion.''