Matthews gets bigger credit

Matthews Studio Equipment Group has bumped up its Chase Manhattan Bank credit capacity from $21 million to $50 million, the company announced Friday.

Officials of the Burbank-based lighting and equipment company say the additional $29 million will be used to lower interest rates on its $5 million debt, as well as help its strategic “expansion and diversification strategy.”

Earlier in the year, Matthews inked a deal to buy Albuquerque, N.M.-based Duke City Video for $12 million and Haehnle Dwertman Inc. of Cincinnati for $4 million. Matthews officials say the company plans more acquisitions later this year.

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