Brief: Air Industries Group Announces New $18.9 Mln Credit Facility With Sterling National Bank

Air Industries

02/01/2020 13:31

Jan 2 (Reuters) - Air Industries Group  AIRI.A :
    * AIR INDUSTRIES GROUP ANNOUNCES NEW $18.9 MILLION CREDIT
FACILITY
WITH STERLING NATIONAL BANK
    * AIR INDUSTRIES GROUP - ENTERED INTO A NEW 3-YEAR, $19.8
MILLION
CREDIT FACILITY, CONSISTING OF A $16 MILLION REVOLVING CREDIT
LINE, AND A $3.8 MILLION TERM LOAN
    * AIR INDUSTRIES GROUP - PROCEEDS OF REFINANCING WILL REPAY
CO'S
EXISTING LOANS WITH PNC BUSINESS CREDIT, RETIRE ALL OF CAPITAL
LEASE OBLIGATIONS

Source text for Eikon:  ID:nBw4HgNcpa 
Further company coverage:  AIRI.A 

 ((Reuters.Briefs@thomsonreuters.com;))