Laserfiche WebLink
ValleyCrest Holding Co. and Subsidiaries <br />Notes to Consolidated Financial Statements (continued) <br />16. Subsequent Events <br />On June 2, 2008 (effective June 1, 2008), the Company acquired 100% of the stock of a <br />maintenance company headquartered in northern Virginia for $35.0 million, of which $33.0 <br />million was paid in cash at the time of closing. The Company borrowed $26 million under its <br />revolving credit facility in order to fund the closing. On June 6, 2008, the Company drew down <br />$34.3 million, which represented the remaining available balance of the incremental term loan <br />facility. The $26.0 million that was borrowed under its revolving credit facility was re -paid from <br />the proceeds of the new incremental loan. <br />1p -11- -6 k <br /># l3� <br />VaiieyCrest Landscape IMaint. <br />16400 NW 127th Ave. 23 <br />Mi lmi, FL 33018 -1051 <br />