In Brief: Sumitomo Leads $80M Bell Revolver

SAN JOSE, Calif. - Sumitomo Bank of California has arranged a $70 million revolving line of credit for Bell Microproducts Inc.

The new credit facility, which provides for increases to $80 million, will be provided by a syndicate including Sumitomo, acting as agent, Union Bank, the First National Bank of Boston, Comerica Bank-California, and Daiwa Bank Ltd.

The new agreement increases the company's existing $35 million revolving line of credit and $5 million term loan facilities to $70 million to provide additional working capital.

Bell markets and distributes semiconductor and computer products to original equipment manufacturers and resellers.

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