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In Brief: Parlux credit facility

This article was originally published in The Rose Sheet

Executive Summary

Parlux credit facility: Cosmetics marketer signs $25 mil. senior secured revolving credit facility with GE Capital Services. The collateral-based credit agreement, which "more than doubles" Parlux' existing facility, will be dedicated toward repayment of "more costly borrowing arrangements, negotiating better supplier terms, strengthening the company's ability to meet seasonal requirements and [to] repurchase stock," the firm said...
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