Acme united enters $11.6 million fixed rate mortgage facility

Shelton, conn., dec. 07, 2021 (globe newswire) -- acme united corporation (nyse american: acu) announced that it has entered a new mortgage agreement with hsbc bank na covering its properties in vancouver, washington and rocky mount, north carolina. the new mortgage is $11.6 million with a fixed rate of 3.8%. the term is 7 years with a 20-year amortization. approximately $3.0 million of the new mortgage was used to pay the existing mortgage on the vancouver property.
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