LOWELL, Mass. -- Wang Laboratories said it has obtained commitments for two unsecured foreign exchange credit facilities, which it will use to protect the U.S. dollar value of its international businesses.
The facilities consist of $15 million from BayBanks of Boston and $10 million from Fleet Bank of Massachusetts.
Wang, which is recovering from financial problems, views the extensions as a vote of confidence, said Robert L. Buckingham, vice president and treasure. "There facilities enhance our ability to minimize the impact of foreign-currency fluctuations on the company's financial results," he said.
