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Alberto-Culver Extends $300 Million Revolving Credit Agreement

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By: TOM BRANNA

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The Alberto-Culver Company, Melrose Park, IL, announced today that it had amended its $300million revolving credit agreement with a group of six banks on Aug. 31 and had extended the facilityfor five years. The announcement was made by William J. Cernugel, senior vice president and chieffinancial officer of Alberto-Culver.Mr. Cernugel said the amended revolving credit agreement, which replaced the prior three-year, $300million facility, will be used for general corporate purposes, including poss...

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