Mercury Air Group, Inc. Opens a $45,000,000 Line of Credit With Bank of America Business Capital
09 Setembro 2005 - 5:30PM
PR Newswire (US)
LOS ANGELES, Sept. 9 /PRNewswire-FirstCall/ -- Mercury Air Group,
Inc. (AMEX:MAX) today announced the opening of a $45,000,000
working capital line of credit with Bank of America Business
Capital, subject to customary terms and conditions on availability,
which replaces the previous $30,000,000 working capital line of
credit with middle market banking at Bank of America, N.A. The line
of credit is in the form of a revolving secured loan with a two-
year term. "This increased line of credit will provide Mercury with
the financial flexibility necessary to meet the needs of our
customers and suppliers as our business grows," said Joseph A.
Czyzyk, President and Chief Executive Officer of Mercury Air Group,
Inc. "The increase in our line of credit with one of the largest
and strongest banks in the nation affirms our strategic focus to
grow our business while becoming stronger, better and more
competitive in the marketplace." About Mercury Air Group Los
Angeles-based Mercury Air Group (AMEX:MAX) provides aviation
petroleum products, air cargo services and transportation, and
support services for international and domestic commercial
airlines, general and government aircraft and specialized contract
services for the United States government. Mercury Air Group
operates three business segments worldwide: MercFuel, Inc., Maytag
Aircraft Corporation and Mercury Air Cargo, Inc. For more
information, please visit http://www.mercuryairgroup.com/. Certain
statements contained in this news release which are not historical
facts are forward looking statements as that item is defined in the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from estimated
results. Such risks and uncertainties are detailed in the Company's
filings with the Securities and Exchange Commission. The Company
intends these forward looking statements to speak only as of the
time of the news release and does not undertake to update or revise
them, as more information becomes available. About Bank of America
Business Capital Bank of America Business Capital is one of the
world's largest asset-based lenders, with 20 offices serving the
United States, Canada and Europe. It provides companies with senior
secured loans, cash management, interest rate, precious metals and
foreign exchange risk management, and a broad array of capital
markets products. Visit http://www.bofa.com/businesscapitalnews for
more information. Company Contact: Public Relations Contact: Joseph
Czyzyk Melissa Spraul Mercury Air Group, Inc. MWW Group (310)
827-2737 (213) 486-6560 DATASOURCE: Mercury Air Group, Inc.
CONTACT: Joseph Czyzyk of Mercury Air Group, Inc., +1-310-827-2737;
or Public Relations, Melissa Spraul of MWW Group, +1-213-486-6560,
for Mercury Air Group, Inc. Web site:
http://www.mercuryairgroup.com/
http://www.bofa.com/businesscapitalnews
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