Wilson Holdings, Inc. Closes on Credit Facility of up to $100 Million
July 16 2007 - 11:20AM
PR Newswire (US)
AUSTIN, Texas, July 16 /PRNewswire-FirstCall/ -- Wilson Holdings,
Inc. (AMEX:WIH) today announced it closed on a credit facility of
up to $100 million. The credit facility will be used for
acquisition and development of land, residential lots and
construction of homes. The credit facility is led by RBC Centura,
Franklin Bank and IBC Bank for a total commitment of $55 million.
"We appreciate the confidence that the lenders have shown in the
company and the ability to perform on our business goals. This
credit facility will allow the company to move forward with its
strategic growth plan to bring green homebuilding to the masses,"
said Clark Wilson, President and Chief Executive Officer. IBC
Austin President Bob Barnes spoke of the bank's long standing
relationship with Wilson. "We are pleased to be a participant in
the new credit facility. As a community based bank -- we are
committed to the Central Texas market and to the growth and success
of our customer base. Clark Wilson has an extensive track record as
a successful homebuilder and we have confidence in Clark and the
management team he has assembled. We look forward to an expanded
relationship with Wilson Holdings and providing the necessary
support for continued growth," said Barnes. About Wilson Holdings,
Inc., Wilson Family Communities, Inc. and Green Builders, Inc.
Wilson Holdings, Inc. is the parent company and sole stockholder of
Wilson Family Communities, Inc., an Austin, Texas-based company
that acquires, develops, manages and markets residential
communities in the Central Texas region, and Green Builders, Inc.,
an Austin, Texas-based residential homebuilding company. To learn
more about Wilson Holdings, Inc., Wilson Family Communities, Inc.
and Green Builders, Inc., please visit the company's web site at
http://www.wilsonfamilycommunities.com/. Safe Harbor Statement This
press release may contain forward-looking statements. Undue
reliance should not be placed on the forward-looking statements,
which speak only as of the date of this news release. Important
factors that could cause actual results to differ materially from
such forward-looking statements are described in the most recent
SEC filings of Wilson Holdings, Inc., including its Annual Report
on Form 10-KSB and its Quarterly Reports on Form 10-QSB. Wilson
Holdings, Inc. undertakes no obligation to publicly update any
forward- looking statements. DATASOURCE: Wilson Holdings, Inc.
CONTACT: Clark Wilson of Wilson Holdings, Inc., +1-512-788-3333,
Web site: http://www.wilsonfamilycommunities.com/
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