|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the HBI 10-Q filed Nov 13, 2006. Other
Financing Agreements
On January 27, 2006, the Company entered into a RMB
30 million short-term revolving facility arrangement with a
Chinese branch of a U.S. bank that was increased in July
2006 to RMB 50 million ($6,350) Borrowings under the
facility accrue interest at the prevailing base lending rates
published by the People’s Bank of China less 10%. As of
September 30, 2006, the Company had $4,751 outstanding
under the short-term revolving facility and $1,600 of borrowing
availability. At September 30, 2006, the interest rate on
this facility was 4.69%. The Company was in compliance with the
covenants contained in this facility at September 30, 2006.
Future principal payments for all of the facilities described
above are as follows: $24,626 due in the next nine months,
$35,875 due in 10 to 22 months, $48,375 due in 23 to
35 months, $60,875 due in 36 to 48 months, $73,375 due
in 49 to 61 months and $2,361,625 thereafter.
|
| |||||||
