Paxar gets $150 million credit facility

By Sara Rosenberg

New York, Dec. 8 - Paxar Corp. closed on a new $150 million five-year multi-currency credit agreement, according to a company news release.

The facility, which closed Nov. 28, replaces the company's previous $50 million facility.

"The new credit facility will serve to optimally leverage Paxar's balance sheet by better matching the company's borrowing capacity with its strong offshore cash flows," said Tony Colatrella, chief financial officer, in the release.

Paxar is a White Plains, N.Y.-based provider of merchandising systems to retailers and apparel customers.

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