Initially commissioned to develop the system by one of Britain's biggest pub groups, which owns around 5,500 licensed premises nationwide, CHTR, based at the Vale Enterprise Centre at Sully, has come up with the aptlynamed PIMS - Pub Information Management System.
CHTR has grown out of product design and development and Cardiff High Tech Manufacturing Ltd, where expert designer Roger John and an awardwinning team have been responsible for some remarkable products.
The 2006 maturities consist of $30 million of amortization from term loan B and the maturity of the CHTR
During the third quarter of 2004, CHTR generated approximately $471 million of EBITDA, relatively flat compared with the third quarter of 2003 on a pro forma basis.
30, 2004, CHTR reported a negative $256 million of free cash flow, primarily driven by increased cash interest expense.
Additionally the issuance provides for liquidity at CHTR
to service interest payments on the new notes without significant reliance on cash being upstreamed from its subsidiaries.
Charter Power Systems trades on the Nasdaq market under the symbol CHTR
attributed the majority of the shortcoming to a litigation charge of $10 million related to the settlement of a class-action suit.