Avino Silver & Gold Mines enters into $5M credit facility Avino Silver & Gold Mines (ASM) announced that its Mexican subsidiary has entered into a master credit facility with Caterpillar Finance (CAT) for up to $5M. The credit facility bears interest at rates ranging from 0%-4.95% per annum. Equipment leased under the credit facility has terms of 18 months-60 months. These terms are dependent on the company's requirements and equipment acquired.
Chanos says heavy equipment companies 'have the wind in their face' Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).