Martek increases credit
This article was originally published in The Tan Sheet
Executive Summary
Columbia, Md.-based firm announces entry into $85 mil. revolving credit facility Jan. 27. Manufacturing & Traders Trust Company, Bank of America and SunTrust Bank will serve as administrative agent and sole book runner, syndication agent and documentation agent, respectively, for the new revolving credit facility, which replaces Martek's previous $10 mil. revolving credit line, which was set to expire in February. "The increase in the credit facility reflects our growing financial strength and is an important element in our financial plan to support ongoing expansion of our manufacturing facilities," Chairman & CEO Henry Linsert says (1"The Tan Sheet" Sept. 15, 2003, In Brief)...