Daily News: September 23, 2013

Fifth Third Extends Deer Valley Facilities


On September 11, 2013, Deer Valley extended an existing revolving line of credit with Fifth Third Bank that provides for a maximum revolving principal limit of $3 million. The $3 million revolving line is for short-term financing for the sale of retail units, acquisition of complementary businesses and short-term working capital needs. It matures June 30, 2015 and has a variable interest rate of 2.50% above LIBOR.

Also on September 11, 2013, Deer Valley extended an existing revolving line of credit with Fifth Third Bank that provides for a maximum revolving principal limit of $5 million. The $5 million revolving line is to provide on a revolving credit basis display model financing for dealers. It matures on June 30, 2015 and has a variable interest rate of 4.00% above LIBOR.

To read a related Tampa Bay Business Journal story, click here.