Brooke Corporation Comments on Subsidiary Refinancing
05 März 2008 - 10:28PM
PR Newswire (US)
OVERLAND PARK, Kan., March 5 /PRNewswire-FirstCall/ -- Brooke
Corporation (NASDAQ:BXXX) owns approximately 62% of Aleritas
Capital Corp. (a d/b/a of Brooke Credit Corporation; OTCBB: BRCR).
Aleritas recently filed a form 8-KA describing an expected
refinancing of approximately $50M in debt pursuant to an agreement
included as an exhibit to the form. Although certain obligations
under that agreement expired on Friday, February 29, 2008, closing
of the refinancing is nonetheless currently scheduled to occur on
or before Friday, March 7, 2008. About Brooke Corporation ...
Brooke Corporation is a holding company listed on the NASDAQ Global
Market under the symbol "BXXX". Brooke Corporation owns 100 percent
of Brooke Bancshares, Inc., a banking organization with a federally
chartered thrift institution that operates an agent bank. Brooke
Corporation owns 62 percent of Aleritas Capital Corp. (a d/b/a of
Brooke Credit Corporation; OTCBB: BRCR), a finance company
specializing in insurance- related lending. Brooke Corporation owns
81 percent of Brooke Capital Corporation (AMEX:BCP), an insurance
organization with a non-standard auto insurance company, a life
insurance company and insurance agency franchising operations.
E-mail Distribution ... To receive electronic press alerts, visit
the Brooke Corporation Media Room at
http://brookecorp.mediaroom.com/ and subscribe to our e-mail alerts
online through the Get the News link. The above statement
concerning closing of a refinancing transaction is a
forward-looking statement and is subject to risks and
uncertainties, as are all such statements. In particular, this
forward-looking statement is subject to, among other things, the
possibility that adverse business or market conditions between now
and the anticipated closing will affect the ability and willingness
of the parties to the transaction to effect such closing.
DATASOURCE: Brooke Corporation CONTACT: Linda Rothemund of Market
Street Partners, +1-415-445-3236, , for Brooke Corporation Web
site: http://www.brookecorp.com/
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