Brief: CTI Industries Corp Announces New Financing And Banking Relationship

Yunhong Green Cti

18/12/2017 13:15

Dec 18 (Reuters) - CTI Industries Corp  CTIB.O : 
    * CTI INDUSTRIES CORPORATION ANNOUNCES NEW FINANCING AND 
BANKING 
RELATIONSHIP 
    * CTI INDUSTRIES CORP - ON DEC 14, 2017, CO ENTERED INTO A 
CREDIT 
AGREEMENT WITH PNC BANK, NATIONAL ASSOCIATION 
    * CTI INDUSTRIES CORP - UNDER CREDIT AGREEMENT, BANK 
EXTENDED TO 
CO A CREDIT FACILITY OF $24 MILLION 
    * CTI INDUSTRIES CORP - CREDIT FACILITY INCLUDES A REVOLVING 
CREDIT FACILITY OF UP TO $18 MILLION AND TERM LOAN FACILITY OF 
$6 MILLION 
    * CTI INDUSTRIES CORP - MATURITY DATE ON LOANS IS DECEMBER 
2022 
 
Source text for Eikon:  ID:nPnbL7041a  
Further company coverage:  CTIB.O  
 
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