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This excerpt taken from the GWW 10-K filed Feb 27, 2007. NOTE 8 – SHORT-TERM DEBT
The Company and its subsidiaries had committed lines of credit totaling $250.0 million at December 31, 2006, 2005 and 2004, for which the Company compensated a bank through a commitment fee of 0.04% in 2006 and 0.07% in 2005 and 2004. There were no borrowings under the committed lines of credit.
The Company also had $8.6 million, $8.6 million and $8.3 million of uncommitted lines of credit denominated in Canadian dollars at December 31, 2006, 2005 and 2004, respectively. There were no borrowings under the committed lines of credit.
The Company had $15.8 million, $15.8 million and $16.0 million of letters of credit at December 31, 2006, 2005 and 2004, respectively, primarily related to the Company’s casualty insurance program. The Company also had $3.3 million, $1.4 million and $0.9 million at December 31, 2006, 2005 and 2004, respectively, in letters of credit to facilitate the purchase of product from foreign sources.
This excerpt taken from the GWW 10-K filed Mar 6, 2006. NOTE 10 – SHORT-TERM DEBT
The Company has had no short-term borrowings since 2003. For 2003, the maximum borrowing at any month-end was approximately $3.0 million, with the average amount outstanding during the year approximately $1.4 million. The weighted average interest rate during the year was 2.6%.
The Company and its subsidiaries had committed lines of credit totalling $250.0 million at December 31, 2005 and 2004, and $265.4 million at December 31, 2003. There were no borrowings under the committed lines of credit. The committed lines of credit at December 31, 2003 included $15.4 million denominated in Canadian dollars.
The Company also had $8.6 million, $8.3 million and $7.7 million of uncommitted lines of credit denominated in Canadian dollars at December 31, 2005, 2004 and 2003, respectively.
The Company had $15.8 million, $16.0 million and $15.0 million of letters of credit at December 31, 2005, 2004 and 2003, respectively, primarily related to the Company’s casualty insurance program. The Company also had $1.4 million, $0.9 million and $2.5 million at December 31, 2005, 2004 and 2003, respectively, in letters of credit to facilitate the purchase of product from foreign sources.
42
This excerpt taken from the GWW 10-K filed Feb 28, 2005. NOTE 12—SHORT-TERM DEBTThe following summarizes information concerning short-term debt:
41 The Company and its subsidiaries had committed lines of credit totalling $250.0 million, $265.4 million and $267.7 million at December 31, 2004, 2003 and 2002, respectively. At December 31, 2004 and 2003, there were no borrowings under the committed lines of credit. At December 31, 2002, borrowings under Company committed lines of credit were $3.0 million. The committed lines of credit at December 31, 2003 and 2002 included $15.4 million and $12.7 million, respectively, denominated in Canadian dollars. The Company also had $8.3 million, $7.7 million and $15.9 million of uncommitted lines of credit denominated in Canadian dollars at December 31, 2004, 2003 and 2002, respectively. The Company had $16.0 million, $15.0 million and $12.0 million of letters of credit at December 31, 2004, 2003 and 2002, respectively, primarily related to the Company’s casualty insurance program. The Company also had $0.9 million, $2.5 million and $0.3 million at December 31, 2004, 2003 and 2002, respectively, in letters of credit to facilitate the purchase of product from foreign sources. | EXCERPTS ON THIS PAGE:
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