Transamerica signs US$30 million asset-based finance facility


Zones, Inc. (Nasdaq:ZONS), a single-source direct marketing reseller of name-brand information technology products, announced today that it has refinanced its credit facility through an agreement with Transamerica Distribution Finance.

This $30.0 million credit facility will provide asset based financing to fund the company's future growth plans and working capital needs. The Company will continue to retain a reduced credit facility with IBM Financial Services, its former primary financial partner.



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Posted on Nov 28, 2002
Region: USA