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