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Intertape Polymer Extends $200 Million ABL to 2017

Bradenton-based Intertape Polymer Group (www.intertapepolymer.com) has extended its $200 million asset-based loan facility with a syndicated lending group, modifying the maturity date of its ABL to February 2017 from March 2013. Increased cash flows from operations during the second half of 2011 allowed Intertape to reduce its total indebtedness by $18.1 million during the third quarter of 2011, with further reductions during the fourth quarter of last year as well. For more details, click here.

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National News Feed

U.S. stocks were little changed Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.
Tue, 07 Feb 2012 11:02:01 EST

President Barack Obama and Oval Office hopefuls Newt Gingrich and Mitt Romney have all released at least one year of tax returns. And they all gave big money to charity.
Tue, 07 Feb 2012 09:35:28 EST

In a huge consolidation of the international mining industry, Swiss company Glencore International has agreed to acquire rival Xstrata for $61.9 billion in stock, according to a joint statement.
Tue, 07 Feb 2012 10:33:47 EST

U.S. stocks were set to open slightly lower Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.
Tue, 07 Feb 2012 08:02:41 EST

After seeing enrollment decline for the first time in a decade, the University of Charleston, in West Virginia, slashed tuition by 22% for the upcoming school year hoping to entice more students.
Tue, 07 Feb 2012 06:09:19 EST

There's good news and bad news on the honeybee beat.
Tue, 07 Feb 2012 06:04:18 EST

An Obama administration lending program set up to funnel cash to small banks was expected to cost taxpayers $1.3 billion. Instead, it will turn a profit of $80 million.
Tue, 07 Feb 2012 05:49:51 EST

If you're like most people, you're inclined to trust your doctor's advice.
Tue, 07 Feb 2012 05:45:02 EST


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