Original URL: https://www.theregister.com/2003/07/29/westcon_lines_up_175m_credit/
Westcon lines up $175m credit facility
Working capital
Posted in Channel, 29th July 2003 09:57 GMT
Westcon Group has close a $175m secured credit facility to support working capital requirements for its North American division.
The multinational networking equipment distie says the facility, arranged with a syndicate of seven banks, was oversubscribed. This is a " testament to our strength and viability despite current market conditions".
Westcon is a subsidiary of South African-owned Datatec. ®