Amadeusz Juskowiak

Nuclear data ndi gets extensions on loans

Nuclear Data Inc said its bank lenders agreed to extend its secured loan agreement through June 30 1987

The agreement which covers about 95 mln dlrs in short term debt had been scheduled to expire February 28

Terms of the extension require Nuclear Data to obtain replacement financing from outside sources before June 30 it said

If the company is unable to or fails to achieve certain projected operating results in the meantime it will be required to divest enough assets to retire its debt it said

For the first nine months of its fiscal 1987 year ended November 30 1986 Nuclear Data reported a loss of almost nine mln dlrs or 498 dlrs a share on revenues of 326 mln dlrs

Nuclear Data cited improvement in printed circuit board sales and said it is confident it will obtain replacement financing

In other action Nuclear Data said it set up a 125 mln dlrs reserve to cover the revaluation of certain domestic medical inventory and the redirection of its US medical sales efforts

The reserve was taken to offset a decline in the US dollar against the Danish Kroner and other factors adversely affecting sales of its Danish manufactured medical products in the US market Nuclear Data said