DGSE Announces Texas Capital Bank Has Agreed to Renew and Increase Its Current Credit Facility
May 27 2010 - 9:30AM
Business Wire
DGSE Companies, Inc. (NYSE Amex: DGSE), announced today that
Texas Capital Bank has agreed to renew and increase the size of its
current credit facility. The new facility is composed of a $3.5
million revolving note and a $1.0 million term loan and will
provide immediate availability to finance current operations.
William Oyster, President of DGSE, said, “We have had a long and
productive relationship with Texas Capital Bank and this new credit
facility will provide DGSE with additional tools as we focus on
renewed growth and earnings.
This press release includes statements which may constitute
'forward-looking" statements, usually containing the words
"believe," "estimate," "project," "expect" or similar expressions.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
continued acceptance of the Company's products and services in the
marketplace, competitive factors, dependence upon third-party
vendors, and other risks detailed in the Company's periodic report
filings with the Securities and Exchange Commission. By making
these forward-looking statements, the Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release.
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