Training | 2010.01.15
Lakeland Industries Closes $23.5 Million Bank Revolver with TD Bank, N.A.
RONKONKOMA, N.Y.--(BUSINESS WIRE)--Lakeland Industries, Inc. (NASDAQ: LAKE), today announced that it has closed on a $23.5 Million Secured Revolving Line of Credit for a term of one year with TD Bank, N.A. The new Revolving Line of Credit provides Lakeland favorable annual fees and interest rate, and greater flexibility than the previous Line of Credit. In addition, subject to certain constraints, the new Revolving Line of Credit allows for advances for “permitted acquisitions” of up
For more information, please visit
http://www.businesswire.com/news/home/20100115005091/en
