Southfield, Mich.-based alternative-risk carrier Meadowbrook Insurance Group Inc. announced that it has successfully executed a replacement credit facility for up to $25 million.
This revolving line of credit will expire on Nov. 11, 2007, and replaces the company’s previous line of credit and term loan, according to a statement. The company has drawn approximately $9 million on this revolving line of credit to pay off the term loan on the previous credit agreement.
Was this article valuable?
Here are more articles you may enjoy.
Storage Shed Caused Nashville Parking Garage Fire, Travelers Says in $10M Subro Suit 
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
Miami Moves to Seize Part of Posh Island After Fuel Fight 
Stellantis Tells Owners of 1.3 Million Jeeps to Park Outside Over Fire Concerns 
