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DHB Industries Receives $18.8 Million Credit Facility

October 01, 2001  | 

CARLE PLACE, N.Y. -- DHB Industries, Inc., parent company of Point Blank Body Armor and PACA, announced an agreement with LaSalle Business Credit, Inc., in which LaSalle BusinessCredit will extend an $18.8 million credit facility to DHB Industries (DHB).

DHB will use the newly available funds, per the agreement, to meet increased demands for capital generated during a period of rapid growth, which has accelerated in response to the events of September 11th. DHB will also use the funds made available by this credit facility to partially refinance expensive debt, expand its facilities and purchase equipment. This will allow the company to better serve the law enforcement community by continuing to improve its life-saving products.

DHB Industries is the parent company of The Armor Group and The Sports Group. The Armor Group consists of three subsidiaries -- Point Blank Body Armor, Inc., Point Blank International, S.A., and Protective ApparelCorporation of America (PACA) -- focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the U.S. and worldwide.

DHB's customers in the protective body armor industry include the U.S. Marine Corps., the U.S. Army, the U.S. Navy, the U.S. Coast Guard, the U.S. Marshalls, the INS, the IRS, the U.S. Secret Service, the FBI, and the New York City Police Department.

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