December 18, 2017 / 1:21 PM / a month ago

BRIEF-CTI Industries Corp Announces New Financing And Banking Relationship

Dec 18 (Reuters) - CTI Industries Corp:

* CTI INDUSTRIES CORPORATION ANNOUNCES NEW FINANCING AND BANKING RELATIONSHIP

* CTI INDUSTRIES CORP - ON DEC 14, 2017, CO ENTERED INTO A CREDIT AGREEMENT WITH PNC BANK, NATIONAL ASSOCIATION

* CTI INDUSTRIES CORP - UNDER CREDIT AGREEMENT, BANK EXTENDED TO CO A CREDIT FACILITY OF $24 MILLION

* CTI INDUSTRIES CORP - CREDIT FACILITY INCLUDES A REVOLVING CREDIT FACILITY OF UP TO $18 MILLION AND TERM LOAN FACILITY OF $6 MILLION

* CTI INDUSTRIES CORP - MATURITY DATE ON LOANS IS DECEMBER 2022 Source text for Eikon: Further company coverage:

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