NU Online News Service, Dec. 4, 2003, 11:37 a.m. EST – Clark Consulting Inc., Barrington, Ill., says its lenders have agreed to extend its senior credit facility to Dec. 31, 2006.[@@]
The executive benefits and compensation consulting firm has $51 million in debt outstanding on the credit facility, which was set to expire Dec. 31.
Clark can borrow up to $80 million through the new facility. The company might be able to increase the limit to $105 million by securing additional bank commitments.