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The Orlando Predators Entertainment, Inc. Reduces Debt.

Publication: Business Wire
Publication Date: 15-MAY-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--May 15, 2003

The Orlando Predators Entertainment, Inc. (OTCBB:PRED) (the "Company") announced today that it had amended certain agreements with Orlando Predator Football Team, L.L.C. ("Orlando L.L.C."). Orlando L.L.C. agreed to (i) extend the borrowing capacity of the revolving line of credit to the Company from the original amount of $400,000 to $700,000 (the line of credit accrues interest at 7%...

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