ST. PETERSBURG, Fla. - Danka Business Systems, a leading distributor of automated office equipment, said it has expanded its credit facilities to $83 million.
SouthTrust Bank of Alabama and Continental Bank are providing revolving credit. Continental also placed senior notes with three institutional investors.
The facilities consist of a $50 million variable-rate revolving line of credit due in 1996; a $3 million variable-rate cash management facility, also due in 1996; and $30 million in fixed-rate senior notes due in 2000.