Communications World International Inc, Denver, Colorado provider of interconnect telephone systems and peripherals to business users, has secured a combined $750,000 credit line through ITT Commercial Finance and other direct credit facilities. It needs the cash to implement its growth plans.ITT Commercial Finance has provided a $375,000 inventory financing arrangement whereby Communications World can buy inventory through ITT Commercial at no additional cost. It has been on a cash and carry basis with all its suppliers for over a year.Maxtor Corp’s Maxtor Peripherals Pte Ltd subsidiary in Singapore has established a $48m medium term loan facility in Singapore with several banks including Barclays Bank Plc as agent and arranger to refinance an existing $8m mortgage and to finance an addition to the facility it owns in Singapore, and the acquisition of manufacturing equipment. The loan is secured by a mortgage on the building and by specific equipment and guaranteed by Maxtor.
