USA: Simula Reduces Debt and Improves Liquidity
Brad Forst, president and CEO of Simula, Inc. (NYSE:SMU - news), has said that as a result of recent transactions, the company has been able to reduce its long term indebtedness by more than $4 million while significantly improving its liquidity. As of October 16, 2000, the company had no outstanding balance against its $17 million working capital credit line.
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