- The revolving line of credit provides for advances up to $15 million and expires on January 24, 2014. The amount of borrowings available under the line of credit is based on a formula using receivables and inventories.
- The term loan is for $2,550,000 and matures on January 24, 2014. The term loan is evidenced by a promissory note and mortgage on the Company's California facility located in Compton. The term loan proceeds were used to pay off in its entirety the previously existing mortgage.
Appliance Recycling Centers Of America Announces Closing Of Financing Transactions
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