On April 2, 2013, DHI secured a revolving line of credit with First National Bank Southwest in the principal amount of $2,100,000 and interest at LIBOR plus 3.25% (3.45% at inception). The revolving line of credit matures May 2, 2014 and includes nonfinancial and financial covenants including debt service coverage and funded debt to operating EBITDA ratios. The proceeds received were used to pay off the existing revolver in full.
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