Company News, Financial News

Parlux Fragrances

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By: TOM BRANNA

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Parlux Fragrances Inc., which makes perfumes under licenses for Paris Hilton and other celebrities, has raised its credit line with GMAC Commercial Finance to $30 million from $20 million, with an option to increase it to $35 million. Parlux said the interest rate on the credit line was lowered to 0.25% below the prime rate, down from the previous prime rate. The company said it requested an increase in credit to support its goal of exceeding $300 million in sales in the fiscal year ending Mar...

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