SAN JOSE, Calif., Feb. 20, 2009 (GLOBE NEWSWIRE) -- Bell Microproducts Inc. (Pink Sheets:BELM) today announced the completion of an amendment to the revolving line of credit with its U.S. bank group. This amendment removes the fixed charge coverage ratio for the fourth quarter ending December 31, 2008, curing any potential covenant breach, and reduces the fixed charge coverage criteria required in the quarters ending March 31, 2009 and June 30, 2009.
In addition, the line of credit amendment also extends the required delivery date of the Company's audited financial statements for the year ended December 31, 2007 from March 31, 2009 to June 30, 2009. The required delivery date of the Company's 2008 audited financial statements remains unchanged at June 30, 2009.
W. Donald Bell, President and Chief Executive Officer of Bell Microproducts, said, "We appreciate the continued support of our lenders as we move through challenging times. Delivering our audited financials and becoming current in our SEC filings remains one of our top priorities."
About Bell Microproducts
Bell Microproducts (Pink Sheets:BELM) is a leading international, value-added distributor of a wide range of high-tech products, solutions and services, including storage systems, servers, software, computer components and peripherals, as well as maintenance and professional services. An industry-recognized specialist in storage products, the Company is one of the world's largest storage-centric value-added distributors.
Bell Microproducts is uniquely qualified with deep technical and application expertise to service a broad range of information technology needs. From design to deployment, its products are available at any level of integration, from components to subsystem assemblies and fully-integrated, tested and certified system solutions. More information can be found in the Company's SEC filings, or by visiting the Bell Microproducts Web site at www.bellmicro.com.
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