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Wed, 4 Oct 2006 12:30:00 PDT
LEICESTER, NY (MARKET WIRE) CPAC, Inc. (NASDAQ: CPAK) announced today that it has entered into a new financing agreement with HSBC Business Credit (USA) Inc. ("HSBC Bank") to provide up to $12 million in Senior Secured Revolving Credit. The agreement provides asset based lending capabilities to the U.S. operations of CPAC, Inc. to finance future working capital needs, general corporate requirements and issuance of letters of
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