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Robins credit extensions

Executive Summary

Three banks have offered Robins a total of $35 mil. in revolving credit in the wake of its reorganization under a Chapter 11 bankruptcy filing. The Richmond, Virginia-based company says the line of credit will provide funds to meet the working capital requirement it normally experiences in the fall. Court approval of the agreements is necessary. The hearing is scheduled for Sept. 21 in Richmond U.S. district court.

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