Bombay Announces New Five Year $125 Million Credit Facility
25 Octubre 2006 - 5:36PM
PR Newswire (US)
FORT WORTH, Texas, Oct. 25 /PRNewswire-FirstCall/ -- The Bombay
Company, Inc. (NYSE:BBA) announced that it has entered into a new
five year, $125 million, secured credit facility with GE Commercial
Finance, Corporate Lending. The new facility will be used to fund
working capital requirements and other corporate needs and replaces
the Company's existing credit facility. David B. Stewart, Chief
Executive Officer, indicated, "We are very pleased with the terms
of the credit agreement and look forward to a long-term
relationship with GE-Corporate Lending. The new facility provides
the Company with greater liquidity and flexibility and gives us the
support we need to continue to reenergize our core business."
"Having in-depth industry knowledge of the retail space allowed us
to structure financing that better meets Bombay's financing needs,"
said Jim Hogan, managing director of GE-Corporate Lending's Retail
Group. "We look forward to continuing to bring industry expertise
and smarter financial solutions to Bombay and other retailers
alike." About Bombay The Bombay Company, Inc. designs, sources and
markets a unique line of home accessories, wall decor and furniture
through over 400 retail outlets, specialty catalogs and the
Internet in the U.S. and internationally. About GE - Corporate
Lending With $14 billion in assets, GE Commercial Finance Corporate
Lending is one of North America's largest providers of asset-based,
cash flow, structured finance and other complimentary solutions for
mid-size and large companies. From over 30 offices throughout the
U.S. and Canada, GE Corporate Lending specializes in serving the
unique needs of borrowers seeking $10 million to $1 billion and
more for working capital, growth, acquisitions, project finance and
turnarounds. Visit http://gelending.com/ for more information.
About GE Commercial Finance GE Commercial Finance, which offers
businesses around the globe an array of financial products and
services, has assets of over $206 billion and is headquartered in
Norwalk, Connecticut. GE is Imagination at Work -- a diversified
technology, media and financial services company focused on solving
some of the world's toughest problems. GE serves customers in more
than 100 countries and employs more than 300,000 people worldwide.
For more information, visit the company's website at http://ge.com/
. Any statements in this press release that may be considered
forward- looking statements are subject to risks and uncertainties
that could cause actual results to differ materially. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Those
risks are described in the Company's public announcements, reports
to stockholders and SEC filings, including but not limited to
Reports on Forms 10-K, 8-K and 10-Q, copies of which are available
from the SEC or may be obtained upon request from the Company. The
Company undertakes no obligation to revise the forward-looking
statements contained therein to reflect events or circumstances
after the date hereof as a result of new information, future events
or otherwise.
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO
http://photoarchive.ap.org/ DATASOURCE: The Bombay Company, Inc.
CONTACT: Elaine D. Crowley, Sr. Vice President, Chief Financial
Officer of The Bombay Company, Inc., +1-817-347-8200 Web site:
http://www.bombaycompany.com/ http://gelending.com/ http://ge.com/
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