Galaxy Foods secures $8.5 million credit line

Nation's Restaurant News, May 8, 2000

ORLANDO, FLA. -- Galaxy Foods Co., a producer of healthful dairy and dairy-related alternatives for the foodservice, retail and industrial markets, received an $8.5 million credit facility with SouthTrust Bank.

Under the terms of the pact, Galaxy will refinance an existing equipment debt of $2.5 million and acquire an additional $6 million worth of new equipment.

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