cnews111309
On the homepage
NewsBreak
Out There
Thanksgiving
Vikings
Company news
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
Local company news
More from Business
DEBT AND EQUITY
Arctic Cat Inc., Thief River Falls, Minn., has finalized a three-year, $60 million senior secured revolving credit facility. The facility is available for ongoing working capital needs and general corporate purposes. Bank of America structured and underwrote the facility, which replaces a credit facility that expires in March 2010.
Compellent Technologies Inc., Eden Prairie, has filed a registration statement with the Securities and Exchange Commission for an underwritten offering of 3 million shares of its common stock. The shares of common stock expected to be sold in the offering include 300,000 shares to be sold by Compellent and 2.7 million shares to be sold by existing stockholders of Compellent.
Digital Angel, South St. Paul, has entered into an agreement with its primary lender, Laurus Master Fund, and its affiliates for early payoff of about $5 million of debt originally due in February 2010.
Nash Finch Co., Edina, approved a share repurchase program authorizing the company to spend up to $25 million to purchase shares of the company's common stock. The program will take effect as soon as practicable, but no earlier than Nov. 16, and will continue until Dec. 31, 2010.
Navarre Corp., New Hope, has entered into a three-year, $65 million revolving credit facility with Wells Fargo Foothill, part of Wells Fargo & Co., as agent and lender. Capital One Leverage Finance Corp. is also participating as a lender. Proceeds have been used to pay off the company's previous debt facility, which was due to expire next June, and will be available for general working capital purposes. This revolving facility will mature in November 2012. During the quarter ending Dec. 31, the company will recognize a noncash pretax charge of $325,000 related to debt acquisition costs associated with the previous credit facility.
Recent Business stories
Democratic Agriculture candidate Maddox says 'No, Baby, No' to Florida offshore drilling - November 12, 2009
Democratic Agriculture candidate Maddox says 'No, Baby, No' to Florida offshore drilling - A Democratic candidate for agriculture commissioner has a response to Republican calls to "Drill, Baby, Drill." More
- Jurors resume deliberations in Petters trial
- Reports on GDP and consumers signal modest rebound
- Record 2.1M dropside cribs recalled
- Americans gloomy on economy heading into holidays
- Holiday gift: Amazon-Wal-Mart price war
- A man with a plan to get jobless working stiffs back to work
- Stores jump the gun to get jump on competition
Blog: Patent Pending
Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Be the first to comment | Hide reader comments