He was going to sea at the time, skipper of one of the sailing ships of the Bank Line
, when he married Agnes Hewitt.
Increases Bank Line
To $35 Million; Personal Lines Anticipated Premium Growth Of 20 Percent Cited," moved on June 7, the first graph, third line, should read "from $25 million" rather than "from $26 million" as incorrectly transmitted by PRNewswire.
While the Rating Watch Negative includes a going concern issue, as reflected by the 'CCC' IDR, it also includes Fitch's concerns regarding the outcome of an ongoing SEC accounting investigation and uncertainty with respect to the final amount of a secured bank line
, which could impair the position of unsecured bondholders.
This increase was primarily due to the draw down of a bank line
to complete construction of the company's new plant in Dinuba, which interest was capitalized during the construction process, and an increase in the company's capitalized equipment leases.
The new agreement replaces the prior bank line
of up to $15 million with a different lending institution.
CHICAGO -- Fitch Ratings assigned a 'BBB-' senior debt rating to the $300 million bank line
of credit for Fidelity National Title Group, Inc.
Simultaneously with the close of the transaction, the company's existing bank line
of credit was closed.
The company continues to engage in discussions with various lenders to provide financing to replace the company's existing bank line
and to pursue alternative financing arrangements and additional capital resources, but no definitive agreements have been reached to date.
NASDAQ:APII), a leading toy designer and manufacturer of educational and positive, non-violent branded toys for pre-school children through pre-teens, announced that the company has, with a formal commitment letter, been able to increase its bank line
to $2,500,000 and under certain conditions, the working capital line can be extended to $3,000,000.
The proceeds from the issuance of the Notes will be used to repay secured and unsecured loans principally from purchasers of the Notes, reduce borrowings under and establish an interest reserve for the company's bank line
of credit, reduce accounts payable, and provide working capital.