Dreams, Inc. has been approved for an expansion of its credit facility with Regions Bank for $25 million effective immediately, and up to $27.5 million on Oct. 1, 2011. The total financing will represent a $7.5 million increase since Dreams named Regions Bank as its new senior lender in July 2010.
“Regions banking group has been a great partner for us,” stated Ross Tannenbaum, Dreams president & CEO. “They have been very supportive of our corporate initiatives, and have now demonstrated this support with a substantial increase to our working capital line. The additional funding will permit our business models to remain aggressive, which includes our goal of generating more than $140 million in consolidated revenues in 2011.”
