Global leader in providing innovative merchandising systems to retailers and apparel customers Paxar Corporation announced that on November 28, 2005, it entered into a new five-year, $150 million, multi-currency credit agreement, which replaced its existing three-year $50 million facility.
Further, the Company announced the prepayment of $150 million of 6.74 percent Senior Notes due August 11, 2008, resulting in a fourth quarter pre-tax charge of approximately $7.4 million, less than the previously estimated $9 million in charges.
The Company also announced that it has completed the repatriation of $127 million of foreign earnings under the American Jobs Creation Act of 2004. The Company had previously estimated the repatriation to be $110 million.
Paxar Corporation is a global leader in providing innovative merchandising systems to retailers and apparel customers.
Paxar's leadership in products and technology, global manufacturing operations, worldwide distribution network and brand recognition is enabling the Company to expand its competitive advantage and market share.
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