GLENVIEW, Ill. -- Zenith Electronics Corp. announced that it has extended its $90 million revolving credit agreement through June 1996, at generally more favorable terms.
"This completes an importabt element of our financing plan for working capital to support the core [consumer electronics and cable/network systems] business," said Kell B. Benson, vice president of finance and chief financial officer.
The working capital credit agreement, with a lending group led by General Electric Capital Corp., was to expire at yearend 1994. Zenith had no borrowings under the agreement at the end of the first quarter.
