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turokman

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turokman

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Thursday, 04/10/2014 10:00:41 AM

Thursday, April 10, 2014 10:00:41 AM

Post# of 80868
US Bank gave MusclePharm a 2.5 million dollar Line of Credit

Do you think that they give companies money they don't believe in? US Bank knows they will get their money back plus interest.

On December 24, 2013, the Company entered into a revolving line of credit with U.S. Bank, N.A. in the amount of $2,500,000. The line of credit matures on September 15, 2014 and accrues interest at prime plus 2%, which is payable monthly. The interest rate at December 31, 2013 was 5.25%.



https://www.sec.gov/Archives/edgar/data/1415684/000114420414018989/v372213_10k.htm

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