In the midst of an industry slowdown, Reptron Electronics Inc. has struck an optimistic note and opened six new offices in North America. Tampa, Fla.-based Reptron announced these new sales offices in January, even as the distribution industry confirmed what executives called an inventory correction. Now, nearly two months later, analysts say the move will benefit the company long-term, though it might be painful in the very near term. As a result of these moves, Cypress will carry more products on its books until chips are sold or used in end equipment. Chase Securities Inc. Bank of America, acted as syndication agent for the new facilities and FleetBoston Financial Corp. served as the documentation agent.
Arrow views the credit facilities as an extension of existing credit.