Ruddick Receives $450M Loan
New York Ruddick Corp., the parent of Harris Teeter supermarkets and textile maker American & Efird Inc., said in a regulatory filing Thursday it received a credit facility worth up to $450 million.
In a filing with the Securities and Exchange Commission, Ruddick said it agreed with a coalition of banks to receive a five-year revolving credit facility worth up to $350 million and a non-amortizing term loan of $100 million, due December 2012. Amortization is debt repayment scheduled in regular intervals.
Ruddick has an option to increase the revolving credit facility by $100 million and has two one-year maturity extension options which require the consent of lenders.
Ruddick ended its previous $350 million credit facility due to the new agreement by paying it in full.
Dixon Ticonderoga names Currie ceo
HEATHROW, Fla. Dixon Ticonderoga has named Donald Currie has been appointed ceo, effective Jan. 1, 2008, succeeding Richard Asta.
Currie currently serves as evp of marketing and sales and on the board of directors of Dixon Ticonderoga.
“We are extremely pleased to have someone of Don Currie’s caliber within Dixon to assume this important leadership role,” said Candela. “He is the ideal candidate to succeed Rick Asta and lead Dixon at this point in the company’s history.
Currie joined Dixon Ticonderoga in 2004 as senior vp of sales and marketing and was promoted to evp in the same capacity in 2005 after the company’s acquisition by FILA S.p.A. Prior to joining Dixon, Currie had 14 years of consumer products sales and marketing experience, serving in various marketing leadership positions with Martin Yale Industries, A.T. Cross Company and Fruit of the Loom Activewear.
Deckers Outdoor bumps Ziv to coo
GOLETA, Calif. Deckers Outdoor has announced that, Zohar Ziv, currently cfo and evp of finance and administration, has been promoted to the newly created position of coo, effective Jan. 1, 2008.
Ziv has served as cfo and evp of finance and administration since March 2006. Prior to joining Deckers Outdoor, he served as cfo with EMAK Worldwide.