Noble Iron Announces Preliminary 2012 Revenue and $15 M Additional Debt Financing
Noble Iron Inc. (NIR.V) today announced preliminary 2012 full year revenue and additional debt financing terms to support its Texas operations.
2012 revenues are in excess of $16 million, an increase of more than 100% over the prior year. 2012 represents the first full calendar year of Noble Iron's operating directly in the equipment rental and dealership business.
The Company has received financing terms from its current lender, Regions Bank, for an additional $15.0 million asset based lending facility to support growth at its Texas operations. Combined borrowing facilities for Noble Iron's Southern California and Texas operations now total $40 million.
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