Jaclyn Inc (JCLY) 5.5900 $JCLY
Jaclyn, Inc. Announces Amendment and Extension of Credit Facility
Marketwire - Wed Sep 24, 10:16AM CDT
Jaclyn, Inc. (OTCQX: JCLY) today announced that it has entered into an amendment and extension of its revolving credit facility with TD Bank, N.A., as Agent and a lender, and Israel Discount Bank of New York, as a lender. The term of the credit facility was extended until November 30, 2017. In addition, the maximum principal amount of revolving loans and face amount of letters of credit under the credit facility was set at $50,000,000; applicable interest rates were reduced to the prime rate less 0.25% or, at the Company's option, 200 basis points above a floating 30-day Libor rate, or a fixed Libor rate for interest periods of 1, 2, or 3 months; and the Company will no longer be required to pay a fee on the unused portion of the credit facility (previously 0.25% on the first $30,000,000 available under the credit facility). The Company's non-real estate assets are pledged to the bank as collateral. The credit facility continues to require the Company to maintain a specified minimum tangible net worth and interest coverage, as well as a debt to equity requirement, each measured annually.
Jaclyn Reports First Quarter Financial Results
Marketwire - Thu Jul 10, 2:10PM CDT
Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for the first quarter ended May 31, 2014.
Jaclyn, Inc. Announces Extension of Credit Facility
Marketwire - Thu May 23, 11:44AM CDT
Jaclyn, Inc. (OTCQX: JCLY) today announced that it has entered into an extension of its revolving credit facility with TD Bank, N.A., as Agent and a lender, and Israel Discount Bank of New York, as a lender. The term of the credit facility has been extended until November 30, 2015 and continues to provide for short-term loans and the issuance of letters of credit in an aggregate amount not to exceed $60,000,000. Based on a borrowing formula, the Company may borrow up to $30,000,000 in short-term loans ($40,000,000 during the period from September 15 to December 15 during each year) and up to $60,000,000 including letters of credit. The borrowing formula allows for an additional amount of letters of credit to be issued during the Company's peak borrowing season from March through October. Borrowings under the credit facility bear interest based on, at the Company's option: (a) the prime rate, with a minimum interest rate of 3.25%, or (b) a floating LIBOR rate, or a fixed LIBOR rate for interest periods of 1,
Jaclyn Reports Financial Results for Year Ended February 28, 2013
Marketwire - Tue May 21, 11:01AM CDT
Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for its fiscal year ended February 28, 2013.
Jaclyn Reports Third Quarter Financial Results
Marketwire - Mon Jan 14, 9:41AM CST
Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for the third quarter ended November 30, 2012.
Jaclyn, Inc. Announces Amendment and Extension of Credit Facility
Marketwire - Wed Sep 24, 10:16AM CDT
Jaclyn, Inc. (OTCQX: JCLY) today announced that it has entered into an amendment and extension of its revolving credit facility with TD Bank, N.A., as Agent and a lender, and Israel Discount Bank of New York, as a lender. The term of the credit facility was extended until November 30, 2017. In addition, the maximum principal amount of revolving loans and face amount of letters of credit under the credit facility was set at $50,000,000; applicable interest rates were reduced to the prime rate less 0.25% or, at the Company's option, 200 basis points above a floating 30-day Libor rate, or a fixed Libor rate for interest periods of 1, 2, or 3 months; and the Company will no longer be required to pay a fee on the unused portion of the credit facility (previously 0.25% on the first $30,000,000 available under the credit facility). The Company's non-real estate assets are pledged to the bank as collateral. The credit facility continues to require the Company to maintain a specified minimum tangible net worth and interest coverage, as well as a debt to equity requirement, each measured annually.
Jaclyn Reports First Quarter Financial Results
Marketwire - Thu Jul 10, 2:10PM CDT
Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for the first quarter ended May 31, 2014.
Jaclyn, Inc. Announces Extension of Credit Facility
Marketwire - Thu May 23, 11:44AM CDT
Jaclyn, Inc. (OTCQX: JCLY) today announced that it has entered into an extension of its revolving credit facility with TD Bank, N.A., as Agent and a lender, and Israel Discount Bank of New York, as a lender. The term of the credit facility has been extended until November 30, 2015 and continues to provide for short-term loans and the issuance of letters of credit in an aggregate amount not to exceed $60,000,000. Based on a borrowing formula, the Company may borrow up to $30,000,000 in short-term loans ($40,000,000 during the period from September 15 to December 15 during each year) and up to $60,000,000 including letters of credit. The borrowing formula allows for an additional amount of letters of credit to be issued during the Company's peak borrowing season from March through October. Borrowings under the credit facility bear interest based on, at the Company's option: (a) the prime rate, with a minimum interest rate of 3.25%, or (b) a floating LIBOR rate, or a fixed LIBOR rate for interest periods of 1,
Jaclyn Reports Financial Results for Year Ended February 28, 2013
Marketwire - Tue May 21, 11:01AM CDT
Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for its fiscal year ended February 28, 2013.
Jaclyn Reports Third Quarter Financial Results
Marketwire - Mon Jan 14, 9:41AM CST
Jaclyn, Inc. (OTCQX: JCLY) today reported financial results for the third quarter ended November 30, 2012.
