PRG Announces Refinancing

Production Resource Group L.L.C has announced that it has established new credit totaling $125 million with GMAC Business Credit, L.L.C., to support its strategic plans. This refinancing was in conjunction with the sale of PRG's Systems Group, consisting of Signal Perfection, Ltd, and the Ancha and SPL-Integrated Solutions divisions, to a newly formed entity controlled by shareholders of PRG and Systems Group management.

Says chairman and CEO Jere Harr

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