Flow International (FLOW) Finalizes $40M Bank Agreement
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Flow International Corporation (Nasdaq: FLOW) announced that it has closed the previously-announced $40 million, two-year revolving senior secured credit facility. The new facility replaces the previous senior secured credit facility and provides terms that will give the Company greater flexibility during the economic slowdown.
Commenting on the new facility, Allen Hsieh, Chief Financial Officer of Flow said, "This new credit facility is designed for the current economic climate. We thank our lenders for their continued commitment and support."
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