Acme United Increases Loan Agreement to Fund Growth
Acme United (ACU – $10.51) entered into a new loan agreement with HSBC Bank to replace the revolving loan it had with Wells Fargo Bank. The new five-year facility provides for borrowings up to $30 million (an increase of $10 million) at an interest rate of LIBOR plus 1.75% (a decrease of 25 basis points). At today’s interest rates that […]
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