Supreme Industries, Inc. (NYSE Amex: STS), a leading manufacturer of specialized commercial vehicles, including truck bodies, shuttle buses, and armored vehicles, today announced it has entered into a credit agreement with Wells Fargo Capital Finance, LLC, as the lender and agent, establishing a four-year, $45 million revolving secured senior credit facility.
Supreme used the proceeds of this financing to settle its existing senior credit facility at par.
“We are pleased to have entered into this new credit agreement, which, based on our current needs and projections, provides sufficient liquidity to fund our working capital demands, meet our debt service obligations and finance capital expenditure requirements, supported by the Company's substantial asset collateral base. We look forward to our new partnership with Wells Fargo,” stated Supreme’s President and CEO Kim Korth.
To be added to Supreme Industries’ email distribution list, please click on the link below: http://www.clearperspectivegroup.com/clearsite/sts/emailoptin.html.About Supreme Industries Supreme Industries, Inc. (NYSE Amex: STS), is a nationwide manufacturer of specialized truck bodies produced to the specifications of its customers. Supreme also manufactures special-purpose “shuttle-type” buses, armored vehicles and homeland response vehicles. The Company's transportation equipment products are used by a wide variety of industrial, commercial, law enforcement and Homeland Security customers. News releases and other information on the Company are available on the Internet at: http://www.supremeind.com or http://www.b2i.us/irpass.asp?BzID=1482&to=ea&s=0