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Article: Falcon Products Announces New Senior Credit Facility; Reports Fiscal 2003 Second Quarter Results.

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PR Newswire
Article date:
June 5, 2003
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Falcon Products, Inc. , a leading manufacturer of commercial furniture, today announced a new senior credit facility.

"It was important for the Company to create a long term banking relationship that will allow us to drive our business well into the future," said Franklin A. Jacobs, Chairman and Chief Executive Officer. "Our new relationship with Fleet Capital Corporation provides us with the financial backing to grow our business as the economy improves. The new structure provides increased liquidity with improved flexibility in covenants."

The Company's new $75 million senior credit facility matures in June 2007. The credit facility consists of (i) a ...

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