Asta Funding, Inc.
Asta Funding, Inc. Announces Amendment to Revolving Credit Line
Published in Health Business Week, July 31st, 2009
Asta Funding, Inc. (NASDAQ:ASFI), (the "Company") a leader in consumer receivable asset management and liquidation, announced that the Company has secured an amendment to its revolving credit agreement that effective today, extends the facility until December 31, 2009. The amendment is provided by a consortium of lenders for which IDB Bank serves as agent. The initial level of the revolving credit agreement is $40 million as of July 10, 2009 with a minimum interest rate of 5.5% per annum.
Under terms of this amendment to the agreement, the revolving credit facility will liquidate over the remaining six months of the calendar year with funding capacity limited to the...
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Source: Health Business Week (2009-07-31)
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