Key Developments For Escalade, Incorporated
Escalade, Incorporated (ESCA.O) (Consolidated Issue listed on NASDAQ Global Market)
Escalade, Inc. Comments On FY 2009 Revenue Outlook
Escalade, Inc. announced that for fiscal 2009, it expects net revenue to be approximately 25% below fiscal 2008.
Escalade, Inc. Signs New Loan Agreement With JP Morgan Chase
Escalade, Inc. announced that, on April 30, 2009, it signed a new loan agreement with JP Morgan Chase Bank, N.A. (Chase) for a senior secured revolving credit facility in the maximum amount up to $50,000,000 and through Chase London Branch, a senior secured revolving credit facility in the maximum amount of 3,000,000 Euro depending upon certain terms and conditions. The credit facility has a maturity date of May 31, 2010.
Escalade, Inc. Announces New Loan Commitment With JP Morgan Chase
Escalade, Inc. announced that it ha signed a commitment letter with JP Morgan Chase, the Company's lender, for a new senior secured revolving credit facility in the maximum amount of $50.0 million and, through Chase's London branch, a senior secured revolving credit facility in the maximum amount of EUR 3.0 million. The credit facility is to extend through May 17, 2010, provided the Company is in compliance with the stated financial covenants. Upon entry into the definitive new loan agreements, the Company's existing covenant violations under its existing credit facilities with JP Morgan Chase will be waived.
Escalade, Inc. Announces Appointment Of Chief Financial Officer
Escalade, Inc. announced that its Board of Directors has appointed Ms. Deborah Meinert as Vice President and Chief Financial Officer.
Escalade, Inc. Announces Executive Management Change
Escalade, Inc. announced that it has accepted the resignation of Terry D. Frandsen as Vice President and Chief Financial Officer. Effective immediately the Company has engaged Thomas Brosig to serve in the role of Chief Financial Officer on an interim basis.
