Bank of America to Provide Multimillion Dollar Line of Credit to TechBooks

Jul 09, 2004

TechBooks, a provider of electronic content services and solutions, has announced a new banking relationship with Bank of America through which Bank of America will provide a multimillion dollar, multi-year credit facility to TechBooks. These credit facilities are intended to provide TechBooks with improved financial flexibility and expand borrowing capacity to meet current and future working capital requirements. According to the company, TechBooks continues to experience strong growth in existing and new markets, and funds this growth through a combination of earnings, investment capital, and bank debt facilities for working capital and general corporate purposes.