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Smith & Wesson increases revolving line of credit, accordion option
By Tali Rackner
Norfolk, Va., Oct. 31 – Smith & Wesson Holding Corp. expanded its revolving line of credit to $350 million from $175 million and increased the accordion option to $150 million from $50 million, according to a press release.
The amendments provide the company with an increase in overall credit availability to $500 million from $225 million.
The credit facility remains unsecured.
The designer and manufacturer of firearms is based in Springfield, Mass.
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