Ultimate Electronics Secures $13 Million Loan

Staff -- TWICE, 8/9/2004

DENVER — Ultimate Electronics has obtained a $13 million secured term loan and has entered into a fourth amended and restated credit and security agreement, to provide for new financing and to amend the specialty retailer's financial covenants. Funds will be available for general working capital purposes. Looking to use the financing for additional flexibility to effectuate its turnaround efforts, Ultimate said the fourth amended and restated credit facility includes $100 million of revolving credit borrowings, subject to borrowing base limitations, and a $13 million term loan.

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

Ultimate Electronics Names Pearse President

03/11/2008

Wattles' Firm Lays Off 45 Workers

11/03/2008

Wattles' Firm Issues Layoff Of 45 Workers

10/29/2008

Ultimate Electronics TV/DBS Sales Climb

05/22/2001

Ultimate Electronics Q3 Report Shows 12% Comp-Sales Jump

11/12/2000

Also by this author

• Available 3D Content Vital For Format: Study

• CEA Backs FCC Broadband Plan

• Razer Adds Lefty DeathAdder Gaming Mouse

• Digital Living Network Alliance Adds Promoter Members

• Doyle To Head Panasonic Enterprise Solutions Co.

» MORE

Featured Links