QMS Inc, Mobile, Alabama laser printer maker, has won a new $30m three-year loan agreement with Foothill Capital Corp to replace its existing facilities. Including all transactions to date, its overall debt has decreased to about $24m from about $42m at the beginning of September. Cash from operations and under the new loan agreement is expected to be sufficient to meet operating needs, as well as to fund research and development, and it will get further cash from sale of its Japanese operations and its circuit board manufacturing facility, QMS Circuits Inc, the company declared.
OTHER FINANCINGS
