latest news releases from the newsroom
Innospec Announces Completion of US$150,000,000 Refinancing
NEWARK, Del., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that the Company has completed its planned refinancing of its existing loan facilities and entered into a new three year US$150,000,000 facilities agreement consisting of a US$50,000,000 term loan, and a US$100,000,000 revolving facility, up to US$50,000,000 of which is available for use by U.S. companies in the Innospec group ("Facilities Agreement"). These debt facilities are fully syndicated and the participating banks include Lloyds TSB, Royal Bank of Scotland, Barclays Bank, Yorkshire Bank and Credit Suisse. This new facility replaces Innospec's existing facility which was due to expire in June 2009.
Newtek Business Services Inc.
Newtek Technology Services Introduces TechExec for Resellers
NEW YORK, Feb. 9, 2009 (GLOBE NEWSWIRE) -- Newtek Technology Services, the technology services division of Newtek Business Services, Inc. (Nasdaq:NEWT), today announced the launch of TechExec (http://www.newtektechexec.com), an innovative new program that gives Microsoft based web hosting resellers the ability to earn reoccurring revenues and commissions by offering Newtek financial and business services to their own B2B clientele.