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Article: TRX Renews Credit Facility Into 2011.
- Article from:
- PR Newswire
- Article date:
- October 30, 2009
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ATLANTA, Oct. 30 /PRNewswire-FirstCall/ -- TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced an extension of its credit facility to April 30, 2011 at existing covenant levels.
"We are very pleased to have such a strong level of commitment from Atlantic Capital Bank during what continues to be a tough credit environment for financial institutions and borrowers alike," said David Cathcart, Chief Financial Officer, TRX. "We have always been confident in our ability to manage our business within the terms of the previously existing credit facility, and this ...