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Today's Newsletter: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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