Foothill Capital Extends Bank Credit Line to 1994

The Foothill Group Inc., a financial services concern with executive offices in Agoura Hills and Los Angeles, said its Foothill Capital Corp. subsidiary has renewed and extended its bank credit line to June 30, 1994.

The credit facility, used primarily to support Foothill Capital’s outstanding commercial paper, had $210 million in total commitments at the time of the renewal, it said. Bank of America and National Westminster Bank USA are co-agents on the credit line.

Foothill Capital provides financing to businesses, using accounts receivable, inventory, equipment and other assets as collateral.