How we will finance the acquisition? We have stated in the
past that we would lower our dividend payout when the right opportunity came along to enhance shareholder value. Such an opportunity is here right now. A five cent (per share) quarterly dividend reduction will allow us to qualify for a more favorable credit facility for financing the Global Household Brands acquisition: a syndicated senior secured credit facility totaling $85 million and led by Union Bank of California. This is an excellent move for us ? a vital investment in short- and long-term sales and earn?ings growth.
?what does credit facility means in regards to this?
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