You are here: Home > Uncategorized > Paris Hilton Can Can Fragrances

Paris Hilton Can Can Fragrances

16
Apr
2011

Parlux Fragrances (NASDAQ: PARL) $35M (MarketCap) Completes Agreement for $20 Million Credit Facili

Parlux Fragrances, Inc. (NASDAQ: PARL) is a manufacturer and international distributor of prestige fragrances and related products. It is ranked among the Top 100 cosmetic and fragrance companies in the world and its brands have global awareness and market penetration. Parlux holds licenses for Paris Hilton, Jessica Simpson, Nicole Miller, Josie Natori, Queen Latifah, Marc Ecko, Rihanna, Kanye West, XOXO, babyGund, and Fred Hayman Beverly Hills designer fragrances, as well as Paris Hilton watches, cosmetics, sunglasses, handbags and other small leather accessories.

Today, the company announced its successful completion of an agreement with GE Capital Corporate Finance for a two-year $20 million senior secured revolving credit facility. The asset based credit facility will be used for general working capital requirements, including new licenses, and to strengthen the company’s ability to meet seasonal requirements. Parlux is currently trading at $1.79, up $0.06 or 3.47%.

Frederick E. Purches, Chairman and CEO, said, “GE Capital is an outstanding financial organization, and we are pleased by their confidence. Although we currently have in excess of $10 million in cash and no bank debt, the availability of this facility provides additional support to fund our planned growth.” Mr. Purches added, “I believe GE Capital’s involvement with Parlux will be most beneficial and look forward to working closely with them.”

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1963/post/parlux-fragrances-nasdaq-parl-35m-marketcap-completes-agreement-for-20-million-credit-facility

Disclosure: no positions

About World Market Media:
WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.

About the Author

Behind-the-scenes of the “Can Can by Paris Hilton” Photo Shoot

Paris Hilton Can Can EDP Spray Perfume Fragrance 50ml

$42.39

Paris Hilton Can Can EDP Spray 50ml Perfume Fragrance

$42.34

Lot,Paris Hilton.Clippings.Print Ads,Can Can.Passport.Magazine Cover.Fragrance +

$6.99

Paris Hilton Can Can EDP Spray Perfume Fragrance 100ml

$65.06

Can Can Paris Hilton Logo T-Shirt Tee Perfume Fragrance L

$8.99

Paris Hilton Can Can By Paris Hilton for Women 3 Pcs Gift Set — 3.4 Oz EDP Spray & 3.0 Oz Body Lotion & 3.0 Oz Shower Gel

$37.95

Inspired by the playful, sensual mood of the Moulin Rouge. Paris Hilton introduces her newest fragrance Can Can. This flirtatious and tantalizing scent is remarkably feminine. A sophisticated, sensual fragrance with a provacative edge….

Paris Hilton by Paris Hilton, 6.7oz Body Glistening Lotion for women

$8.25

PARIS HILTON this fragrance opens with sheer sophistication. Chic enough to be worn on the runways of Milan while retaining a brilliant flirtatious charm, this head-turning fragrance can be dressed up or down for both day and evening wear. Top notes Fr ozen Apple, Peach Nectar, Wet ozone, Sparkling Muguet. Middle Notes Freesia, Mimosa, Jasmine, Tuberose. Bottom Notes Skin Musk, Sandalwood, Ylang Y…