Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

The Middleby Corporation Announces Debt Refinancing
Jun 9, 2004
 Printable format
 Email this Article
 Search

Commercial foodservice equipment maker The Middleby Corporation (Elgin, IL, U.S.) has entered into an amended U.S. $70 million revolving senior bank facility led by Bank of America.

The company also announced today that its Board of Directors has approved the payment of a $0.40 per common share special dividend to shareholders of record as of the close of business on June 4, 2004. The special dividend will be paid on or about July 6, 2004. The company has approximately 9,222,000 common shares outstanding.

Selim A. Bassoul, president and CEO of Middleby, said in a written statement, "The amended credit agreement provides the company with increased flexibility at a reduced interest rate spread compared to our previous agreement."

Middleby Chairman, William F. Whitman, Jr. added, "Strong cash flows have allowed us to pay down more than $34 million of debt since 2002. In light of the company's recent earnings and strong cash flows the board wanted shareholders to participate in the company's progress."

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows