|
|
Article: APW Ltd. Closes on New $50 Million Working Capital Facility and Completes Divestiture.
- Article from:
- Business Wire
- Article date:
- April 28, 2004
CopyrightCOPYRIGHT 2004 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)
|
Business Editors
HAMILTON, Bermuda--(BUSINESS WIRE)--April 28, 2004
APW Ltd., a leading global electrical and mechanical design and manufacturing solutions company, announced today the closing of a new asset-backed working capital facility with GMAC Commercial Finance. The global $50 million multi-currency facility matures in 2007, which can be extended upon agreement by both parties. Other terms of the transaction were not disclosed. The additional liquidity provided by the new facility will primarily be used to fund working capital requirements to support sales growth driven by new programs with new and existing customers at APW facilities around the ...