Midas cuts bank debt by $7.3 million in fourth quarter

By Caroline Salls

Pittsburgh, Jan. 18 - Midas Inc. said it reduced its bank debt level by $7.3 million in the fourth quarter of 2004.

The fourth-quarter reduction brought the company's bank debt down to $69 million. Midas reduced bank debt by $22.5 million in 2004.

Midas is an Itasca, Ill.-based provider of automotive services.

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