Financing package for LaCrosse Footwear
25/06/2001
LaCrosse Footwear has agreed a three-year financing package from general Electric Capital Corp. The $57.5 million revolving package is to be backed by a three-year $7.5 million term loan from Firstar Bank N.A. The package, say LaCrosse, will give the company more financial flexibility and will help enable it to meet its business goals.
The new arrangement replaces a previous Firstar Bank N.A revolving package and term loan.
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