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Article: Ride Sports Announces Opening of New Credit Facility
- Article from:
- PR Newswire
- Article date:
- September 2, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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PRESTON, Wash., Sept. 2 /PRNewswire/ -- Ride Sports (Nasdaq: RIDE), a leading manufacturer and marketer of snowboard equipment and accessories, wakeboards and related products, announced today that it has secured a new $17 million credit facility with CIT Group/Credit Finance, Inc. and retained a $3 million credit facility with US Bank NA. The CIT facility has a term of three years and is collateralized with the assets of Ride and its subsidiaries. Ride and CIT have agreed to review the facility after '99-'00 preseason orders are in with a view to increasing the line if conditions support doing so. The US Bank facility is subordinated to the CIT credit line, has a term ...
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Article: Ride Sports Announces Fiscal Year 1998 Year End ...
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...PRESTON, Wash., Sept. 28 /PRNewswire/ -- Ride Sports (Nasdaq: RIDE) a leading manufacturer and marketer of snowboard ... Company transferred its wakeboard operations to its Ride Manufacturing facility in Corona, California and ...
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