Advanced Lighting Technologies Inc. expects to secure a new credit agreement soon that will enable it to avoid a $750,000 fee that bank lenders could impose on the company this summer.
The Solon lighting products company said in a filing last month with the Securities and Exchange Commission that its $55 million revolving credit agreement with National City Bank and three other banks was amended to "reflect the company's current financial condition."
Included in the changes was the condition that Advanced Lighting would pay the fee if it didn't replace the r