Brief: Charles & Colvard Secures New Credit Facility

Charles & Colvard

17/07/2018 14:24

July 17 (Reuters) - Charles & Colvard Ltd  CTHR.O :
    * CHARLES & COLVARD SECURES NEW CREDIT FACILITY
    * CHARLES & COLVARD LTD - ENTERS INTO NEW THREE-YEAR $5
MILLION
ASSET-BASED CREDIT FACILITY
    * CHARLES & COLVARD LTD - CREDIT FACILITY IS SECURED BY
CHARLES &
COLVARD ASSETS
    * CHARLES & COLVARD LTD - PREVIOUS CREDIT FACILITY WITH
WELLS
FARGO BANK MATURED ON JUNE 25, 2018 AND WAS TERMINATED IN
ACCORDANCE WITH ITS TERMS
    * CHARLES & COLVARD LTD - CREDIT FACILITY IS UNDRAWN AND
COMPANY
CURRENTLY DOES NOT HAVE ANY OTHER LONG-TERM DEBT

Source text for Eikon:  ID:nGNX7LW2KC 
Further company coverage:  CTHR.O 

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