Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
July/August 2015

View Issue  |

Subscribe Now  |

Events

Irantex, The 21st International Exhibition of Textile Machinery, Raw Materials, Home Textiles, Embroidery Machines & Textile Products
09/04/2015 - 09/07/2015

Hightex 2015 - 6th International Technical Textiles and Nonwovens Trade Fair
09/11/2015 - 09/13/2015

Nonwoven Nanofiber And Microfiber Fundamentals And Applications
09/14/2015 - 09/17/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

First Union Provides Line Of Credit For Dan River

First Union Capital Markets, Charlotte, N.C., has syndicated a $275 million, five-year revolving line of credit for Dan River's acquisition of The Bibb Co., Atlanta. The line of credit was underwritten by First National Bank.
In connection with the acquisition, First Union's merger and acquisition subsidiary, Bowles Hollowell Conner and Co., also provided a fairness opinion to Dan River shareholders.

"We are pleased to help Dan River continue to grow and expand by helping them evaluate and finance their acquisition strategy," said Susan Doyle, First Union senior vice president.

According to Dan River, the Bibb acquisition will allow Dan River to enhance market position by adding juvenile, health care and hospitality bedding segments to its home furnishings business.

January 1999




Advertisement