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Bestway (BSTW) today announced that the Company
amended and restated its Revolving Credit Loan Agreement with
Comerica Bank. In the amendment, Comerica extended the maturity
date from May 31, 2005 to May 31, 2006 and modified the interest
rate. The amendment adds a minimum year to date capital
expenditure requirement and acquisition requirement.
The Company also amended the subordinated note payable to
O'Donnell & Masur, L.P. dated October 26, 2001. The amendment
extended the maturity date from May 31, 2005 to May 31, 2006.
Bestway, Inc. owns and operates a total of
sixty-nine rent-to-own stores located in the southeastern United
States.
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