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MAX Mercury Air Grp.

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Share Name Share Symbol Market Type
Mercury Air Grp. AMEX:MAX AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Mercury Air Group, Inc. Opens a $45,000,000 Line of Credit With Bank of America Business Capital

09/09/2005 9:30pm

PR Newswire (US)


Mercury Air (AMEX:MAX)
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LOS ANGELES, Sept. 9 /PRNewswire-FirstCall/ -- Mercury Air Group, Inc. (AMEX:MAX) today announced the opening of a $45,000,000 working capital line of credit with Bank of America Business Capital, subject to customary terms and conditions on availability, which replaces the previous $30,000,000 working capital line of credit with middle market banking at Bank of America, N.A. The line of credit is in the form of a revolving secured loan with a two- year term. "This increased line of credit will provide Mercury with the financial flexibility necessary to meet the needs of our customers and suppliers as our business grows," said Joseph A. Czyzyk, President and Chief Executive Officer of Mercury Air Group, Inc. "The increase in our line of credit with one of the largest and strongest banks in the nation affirms our strategic focus to grow our business while becoming stronger, better and more competitive in the marketplace." About Mercury Air Group Los Angeles-based Mercury Air Group (AMEX:MAX) provides aviation petroleum products, air cargo services and transportation, and support services for international and domestic commercial airlines, general and government aircraft and specialized contract services for the United States government. Mercury Air Group operates three business segments worldwide: MercFuel, Inc., Maytag Aircraft Corporation and Mercury Air Cargo, Inc. For more information, please visit http://www.mercuryairgroup.com/. Certain statements contained in this news release which are not historical facts are forward looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. The Company intends these forward looking statements to speak only as of the time of the news release and does not undertake to update or revise them, as more information becomes available. About Bank of America Business Capital Bank of America Business Capital is one of the world's largest asset-based lenders, with 20 offices serving the United States, Canada and Europe. It provides companies with senior secured loans, cash management, interest rate, precious metals and foreign exchange risk management, and a broad array of capital markets products. Visit http://www.bofa.com/businesscapitalnews for more information. Company Contact: Public Relations Contact: Joseph Czyzyk Melissa Spraul Mercury Air Group, Inc. MWW Group (310) 827-2737 (213) 486-6560 DATASOURCE: Mercury Air Group, Inc. CONTACT: Joseph Czyzyk of Mercury Air Group, Inc., +1-310-827-2737; or Public Relations, Melissa Spraul of MWW Group, +1-213-486-6560, for Mercury Air Group, Inc. Web site: http://www.mercuryairgroup.com/ http://www.bofa.com/businesscapitalnews

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