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Clearwater, Florida,
- July 1, 2002 - Nicholas
Financial, Inc. (Nasdaq, NICK), today announced that it has signed an amendment to the
Company's $75,000,000 credit line facility, which extends the maturity date of the current
credit line to November 30, 2004. Company C.F.O. Ralph Finkenbrink stated, "Nicholas
Financial is pleased to continue its lending relationship with Bank of America, which
began in March of 1993 and now includes Hibernia Bank and First Tennessee Bank as
participating banks in its Revolving Credit Line Facility."
Founded in 1985, with current assets of $77,690,000 as of March 31, 2002, Nicholas
Financial is one of the largest publicly traded specialty consumer finance companies
based in the Southeast. The Company has approximately 5,000,000 shares of common
stock outstanding and has reported increased revenues and earnings for the past 12
consecutive years
The Company will hold its annual meeting at the Countryside Country
Club in Clearwater, Florida, on August 7, 2002 at 9 AM.
Founded in 1985, with current assets of $77,690,000 as of March 31,
2002, Nicholas Financial is one of the largest publicly traded
specialty consumer finance companies based in the Southeast. The
Company has approximately 5,000,000 shares of common stock outstanding
and has reported increased revenues and earnings for the past 12
years. For an index of Nicholas Financial Inc.’s news releases or to
obtain a specific release, visit our web site at
www.nicholasfinancial.com.
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