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Rand Worldwide (RWWI) has announced a new credit agreement with its bank consisting of a $10 million line of credit and a $38 million term loan. Both facilities have a five-year duration, with interest tied to the one-month LIBOR rate plus a 1.50% margin. Shareholders will receive a special dividend of $1.00 per share on June 28, 2021, for those on record by June 21, 2021. This restructuring aims to support the company's operations across the design and engineering sectors, strengthening its financial position.
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