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

http://www.textileworld.com/partners/Shaffer_and_Max-Dyeing_and_Finishing_Plant_2014
http://www.spgprints.com
http://www.thiestextilmaschinen.com
http://www.expoproduccion.mx/Content/Exhibitors/24/
http://ahweb.adsale.com.hk/t.aspx?unt=2396-ZhejiangTex14_TextileWorld
http://ahweb.adsale.com.hk/t.aspx?unt=2354-STX15_TextileWorld
http://www.textileservicesonline.com
http://www.textileworld.com/Store/Books/index.html
July/August 2014 July/August 2014

View Issue  |

Subscribe Now  |

Events

ISS Vegas '14
08/03/2014 - 08/05/2014

Los Angeles Fashion Market - Holiday/Resort '14
08/04/2014 - 08/07/2014

Outdoor Retailer Summer Market
08/06/2014 - 08/09/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

ITG Nets Loan From Bank Of America

Greensboro, N.C.-based fabric manufacturer International Textile Group (ITG) has received a $150 million senior secured credit facility from Glastonbury, Conn.-based Bank of America Business Capital, which also has agreed to provide letters of credit to the company. ITG will use the credit facility to refinance existing debt and provide for ongoing capital requirements.

"Bank of America Business Capital structured a deal with limited financial covenants giving us the flexibility to pursue our global business strategy," said Joseph L. Gorga, president and CEO, ITG. He said the loan also provides advances against certain receivables for ITG's international customers.

December 2004




Advertisement

http://www.staubli.us