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Article: Dixon Ticonderoga Company announces new financing arrangement.
- Article from:
- PR Newswire
- Article date:
- July 12, 1990
CopyrightCOPYRIGHT 1990 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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DIXON TICONDEROGA COMPANY ANNOUNCES NEW FINANCING ARRANGEMENT
VERO BEACH, Fla., July 12 /PRNewswire/ -- Dixon Ticonderoga Company (AMEX: DXT) announced it has reached a new financing agreement with First Fidelity Bank, N.A., of New Jersey.
Under the terms of the arrangement, Dixon Ticonderoga Company will receive a $35.75 million revolver and term loan package, bearing interest at three-quarters of 1 percent over the prime rate.
President Gino N. Pala stated, "Under the current environment within the banking industry where credit has been tightened, management is extremely gratified by the confidence evidenced by our major lenders. First ...