COLUMBIA, Md. -- Essex Corp. said it has reached an agreement with Signet Bank to extend a $2.5 million line of credit through May 1993.

Basic terms and conditions were essentially unchanged. Essex, a provider of training and processing services to government and other users, is subject to a minimum tangible net worth covenant, now $2.5 million and increasing quarterly to $2.9 million by yearend 1992.

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