{"id":6919,"date":"2013-05-28T08:02:16","date_gmt":"2013-05-28T12:02:16","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=6919"},"modified":"2013-05-28T08:02:16","modified_gmt":"2013-05-28T12:02:16","slug":"medical-action-industries-nasdaqmdcis-new-credit-financing-agreement","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/medical-action-industries-nasdaqmdcis-new-credit-financing-agreement-6919","title":{"rendered":"Medical Action Industries (NASDAQ:MDCI)&#8217;s New credit financing agreement"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/28\/2013 (wallstreetpr) &#8211;\u00a0The share prices of Medical Action Industries (NASDAQ:MDCI) had declined by 5.58 percent to close at $7.27 per share for the end of the last trading session. The shares had been trading in the range of $7.04 to $7.62 per share during the day. Medical Action Industries (NASDAQ:MDCI) is involved in the development, manufacture, marketing and sales of disposable medical products and caters to the markets in domestic and international levels.<\/p>\n<p style=\"text-align: justify;\"><b>New credit financing agreement<\/b><\/p>\n<p style=\"text-align: justify;\">Medical Action Industries (NASDAQ:MDCI) had recently announced its agreement with Wells Fargo N.A. for $65 million credit facility. The new agreement with the subsidiary of Wells Fargo &amp; Company would thereby replace and refinance the existing agreement which would expire in June, 2014 and which presently has $54.6 million outstanding debt. This new financing agreement of Medical Action Industries (NASDAQ:MDCI) proves to be efficient to provide improved pricing, tenor and operating flexibility for the company to execute its strategic plans.<\/p>\n<p style=\"text-align: justify;\">Medical Action Industries (NASDAQ:MDCI) is involved in product lines such as custom procedure trays, minor procedure kits and trays, operating room disposables and sterilization products, patient-bedside products, containment systems for medical waste and laboratory products. The company presently holds 16.39 million shares outstanding and the institutional ownership is 54 percent of the holdings.<\/p>\n<p style=\"text-align: justify;\">The 52 week low price level for Medical Action Industries (NASDAQ:MDCI) is $2.25 per share and the 52 week high price level for the company is $8.99 per share. The average trading volume for Medical Action Industries (NASDAQ:MDCI) is at 71,182 shares per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/28\/2013 (wallstreetpr) &#8211;\u00a0The share prices of Medical Action Industries (NASDAQ:MDCI) had declined by 5.58 percent to close at $7.27 per share for the [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":6920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[264],"tags":[2317,2318],"stock_ticker":[],"class_list":["post-6919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-medical-action-industries-nasdaqmdci","tag-nasdaqmdci","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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