JLM Refinances to Ease Credit Crunch.(JLM Industries Inc.)(Brief Article)

JLM Industries says it has raised $31.5 million as part of a refinancing of its credit facilities. The company says it has been working with creditors to refinance its debt since it fell out of compliance with its credit convenants last year. The financing consists of a $20-million revolving credit line from Congress Financial, a $7.1-million term-debt facility provided by GATX Capital, a $1.9-million mortgage loan from SouthTrust Bank, and a $2.5- million …