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11:21 EDTREXI
theflyonthewall.com: Resource America extends and improves revolving credit facility terms
Resource America reported that on November 6 it extended until October 15, 2011 the maturity of its revolving credit facility with TD Bank. In addition to the term extension, the amended Facility provides additional flexibility and reduced debt costs to the Company resulting from (i) a substantial reduction of the interest rate spread from the prime rate plus 5% to the prime rate plus 3%; (ii) reduction of the minimum interest rate from 10% to 7%; (iii) reinstatement of the Company's option to choose a Libor based loan at a rate of Libor plus 4.5%; and (iv) a revision of the definition of "interest expense" to exclude non-cash items that are otherwise recorded as interest expense under Generally Accepted Accounting Principles. :theflyonthewall.com



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February 8, 2010
19:01 EDTREXI
theflyonthewall.com: Resource America Inc reports Q1 EPS 5c vs. consensus of 1c

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15:15 EDTREXI
theflyonthewall.com: Companies reporting After the Market Close on Monday, February 8

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