ScanSource Announces an Increase to the Credit Facility
23 4월 2007 - 9:45PM
Business Wire
ScanSource, Inc., {Nasdaq: SCSC}, a leading international
value-added distributor of specialty technology products, announced
that on April 20, 2007 it had increased its multi-currency credit
facility to $200 million under the same terms and conditions as the
existing facility. The expanded facility has current capacity at
$180 million with an accordion feature that allows the company to
increase the revolving credit line by an additional $20 million for
a total of $200 million. The entire bank group committed to the
increase in the facility. The lead arranger for the facility is
BB&T Capital Markets, with Wachovia Bank, NA. serving as the
co-arranger. �We appreciate the support from our existing bank
group, which gives us the flexibility to continue to grow our
company�s world-wide operations and make strategic investments,�
said Rich Cleys, Chief Financial Officer, ScanSource, Inc.
�ScanSource continues to exhibit leadership in its world-wide
market segments, and BB&T is excited to participate in its
continued growth strategy,� said James C. Stallings, III, Senior
Vice President BB&T Capital Markets. �We are encouraged by the
growth, financial strength, and management team at ScanSource and
look forward to our continued involvement in their credit
facility,� said Thomas F. Snider, Senior Vice President, Wachovia
Bank, N.A. About BB&T Capital Markets BB&T Capital Markets
provides corporate banking*, investment banking, institutional
sales and trading, and equity research to corporations, governments
and institutions. More information is available at
www.BBandT.com/Capital Markets. BB&T Capital Markets is a
division of Scott & Stringfellow, Inc., a registered
broker/dealer subsidiary of BB&T Corporation. Member NYSE/SIPC.
*Branch Banking and Trust Company provide corporate Banking
Services, including the arrangement and syndication of senior
credit facilities. About Wachovia Bank, N.A. Wachovia is a
diversified financial services company that provides a broad range
of retail banking and brokerage, asset and wealth management, and
corporate and investment banking products and services. We are one
of the largest providers of financial services in the United
States, with retail and commercial banking operations in 21 states
from Connecticut to Florida and west to Texas and California. In
addition, two core businesses operate under the Wachovia Securities
brand name: retail brokerage offices�in 48 states and in service
affiliate offices in�Latin America; and corporate and investment
banking in selected corporate and institutional sectors globally.
Other nationwide businesses include mortgage lending in�50 states
and auto finance covering 46 states. Globally, Wachovia serves
clients through more than 40 offices around the world. About
ScanSource, Inc. ScanSource, Inc. {NASDAQ: SCSC} is a leading
international distributor of specialty technology products. The
Company markets specialty technologies through five sales units:
ScanSource [automatic identification and data capture (AIDC) and
point-of-sale (POS) products]; Catalyst Telecom (Avaya
communications products); Paracon (communications products); T2
Supply (video conferencing and telephony products); and ScanSource
Security Distribution (electronic security products). ScanSource
serves the North America marketplace and has an international
segment, which sells AIDC and POS products, in Latin America and
Europe. Founded in 1992, the company currently ranks #982 on the
Fortune 1000. For more information, call the toll-free sales
telephone number at 800.944.2432 or visit www.scansource.com.
ScanSource (NASDAQ:SCSC)
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