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Article: PetQuarters Announces Extension of Credit Facility.
- Article from:
- PR Newswire
- Article date:
- July 19, 2001
CopyrightCOPYRIGHT 2001 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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LONOKE, Ark., July 19 /PRNewswire/ --
PetQuarters, Inc. (OTC Bulletin Board: PDEN), a leading distributor of quality pet supplies to both an online and offline audience, announced today that the Company has successfully renewed its $1,420,000 term loan.
The new agreement extends the loan maturity to July 14, 2003 with an interest rate of 8.50%. "The completion of this agreement represents our continued effort to extend our short-term debt maturities and improve PetQuarters' overall financial position," said Steve Dempsey, CEO of PetQuarters. "Our lender has been a cooperative and supportive partner throughout these negotiations and this agreement sets ...