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Article: Earl Scheib Announces It Has Closed a $10 Million Credit Facility with Wells Fargo Foothill.
- Article from:
- Business Wire
- Article date:
- August 13, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SHERMAN OAKS, Calif.--(BUSINESS WIRE)--Aug. 13, 2003
Earl Scheib, Inc. (AMEX:ESH) today announced that it has closed a $10 million secured revolving credit facility with Wells Fargo Foothill.
Chris Bement, President and Chief Executive Officer, stated that, "We continue to focus our efforts to serve the best interests of our shareholders and maximize shareholder value. This $10 million credit facility will provide increased financial flexibility for the Company as we and our investment bankers, Ryan Beck & Co., evaluate alternatives to improve shareholder value and the Company's long-term outlook."
Earl Scheib, Inc., ...
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