Financing and Related Activities
- On November 1, 2012, the Company announced that it entered into a new $61 million revolving credit facility with Wells Fargo Bank, N.A., which will mature on November 1, 2017. The new credit facility replaced the Company's $55 million revolving credit facility with Bank of America, N.A., which was due to mature on January 13, 2013.
- On November 1, 2012, the Company repaid the remaining $13.4 million principal amount of its senior secured Term Loan, which was due to mature on March 13, 2013.
- On January 30, 2013, the Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.175 per share, payable March 28, 2013 to stockholders of record at the close of business on March 7, 2013.