Fully funded by Elizabeth Arden. Revolving credit facility funded by many banks around the world. “We have historically financed, and we expect to continue to finance, our needs primarily through internally generated funds, our credit facility and external financing.”(3)
20% down 80% venture capitalist loans.
Credit market in US down – Could affect availability of funds.
Finance through Elizabeth Arden based on pre-established revolving credit facility.
This facility is funded by many banks around the world and Elizabeth Arden has flexibility of a $250 million credit line.