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Factoids |
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Bestway, Inc. owns and operates a total of sixty-nine rent-to-own stores located
in the southeastern United States. |
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www.bestwayrto.com |
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Bestway, Inc. (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, 2004
to May 31, 2005, modified the minimum effective tangible net
worth provision, modified the maximum debt-to-effective tangible
net worth provision, and eliminated certain other covenants.
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, 2004 to May 31, 2005.
For more information, contact Beth A. Durrett, Chief
Financial Officer; 1-214-630-6655
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