Loading...
Loading...
Bluegreen Corporation
BXG today announced that it has entered into a $30.0 million revolving timeshare receivables hypothecation facility with CapitalSource Bank. The Facility provides for advances on eligible receivables pledged under the Facility during a two-year revolving credit period ending in September 2013, subject to specified terms and conditions.
Tony Puleo, Bluegreen's Senior Vice President, Chief Financial Officer and Treasurer, commented, “CapitalSource understands our industry, and we are looking forward to our relationship. We appreciate their support, which will allow us to continue to advance our diversified business model and further enhance our liquidity.”
Additional details regarding the Facility are available in a Form 8-K filed by Bluegreen with the Securities and Exchange Commission on September 26, 2011.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in