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Monday, August 21, 2006

Wrong again!

If shorts were thinkin that C&B couldn't pay HSOA, they can start covering now:From the Friday CHYSE press release:
(http://biz.yahoo.com/bw/060818/20060818005397.html?.v=1)

///Charys' subsidiary C&B also announced the scheduled closing of a new $35 million revolving credit facility. The financing is in the form of a Senior Secured Revolving Credit Facility, which will provide up to $35.0 million to C&B, with Charys as the guarantor. Proceeds will be used to refinance certain indebtedness and the initial acquisition of C&B. In addition the Company expects that the financing will support future growth and development initiatives and facilitate the purchase of additional revenue generating assets.\\\

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