Halifax (HX) Raises Existing 1-Yr Line of Credit to $3M
Halifax Corporation of Virginia (Amex: HX) today announced that it has increased its existing one year line of credit from $1.5 to $3.0 million with Sonabank. Full details regarding the terms of the financing arrangement are included in the Company's Current Report on Form 8-K to be filed with the SEC on August 31, 2009.
Charles McNew, President and Chief Executive Officer, stated, "We are pleased to have Sonabank as our primary lender. They have worked diligently on our behalf to finalize our increased line. This should ensure proper financing levels for the coming year and will enable us to accommodate our plans for growth as we implement our supply chain services strategy going forward."
Create E-mail AlertRelated Categories
Corporate NewsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
