Lakeland industries significantly strengthens its financial position by doubling the size of its credit facility with bank of america

Decatur, al / accesswire / june 29, 2021 / lakeland industries, inc. (nasdaq:lake) (the "company" or "lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and to first responders on the federal, state and local levels, today announced that it has significantly expanded its credit facility with bank of america in support of its capital allocation strategy focused on inorganic corporate developments and other growth initiatives. the amendment to the company's senior secured revolving credit facility increases the amount of potential borrowings from $12.5 million to $25.0 million.
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