Oregon hardware store burglarized — twice
B&I Hardware in Junction City, Ore., has been broken into twice in less than two months, according to an article in the Tribune News.
A K-9 dog searching the premises after the last burglary, on Oct. 23, found evidence that may lead to the culprits, according to an officer with the Junction City Police Department.
“We have collected evidence that the suspect had left behind in hopes of possibly identifying a suspect. This is the second time, with the same MO (method of operation),” Sgt. Chuck Salsbury told the newspaper.
“There are some common elements in [commercial] burglaries,” Salsbury continued. “Poor lighting, improper door/window security, no video cameras, no horns or audio alarm — all contribute to helping the perp gain entry and, if they haven’t aroused suspicion, they will continue to get what they want.”
Ace employees receive special training in pest management
A number of Northern California Ace Hardware stores are participating in a new program that guides shoppers toward less toxic choices to control garden pests. Starting last month, employees in 13 hardware stores and retail garden centers are putting into place what they learned from rigorous training with experts from the University of California Statewide Integrated Pest Management Program (UCIPM) and professionals in the nursery industry.
The volunteer experts spent nearly one year with store managers, buyers and retail associates training and guiding them toward effective pest management products and techniques with the least impact on the environment. The program was funded by a Pest Management Alliance grant from the California Department of Pesticide Regulation, and the program is getting a boost from new funding from the U.S EPA’s San Francisco Bay Water Quality Improvement Fund.
Grand Lake Ace Hardware, a Piedmont, Calif., store, is one of the locations participating in the program.
"We have a big opportunity here to have our neighborhoods reduce their use of toxic pesticides," said Jared Blumenfeld, EPA’s Regional Administrator for the Pacific Southwest.
“The Integrated Pest Management Advocates program is really about helping the consumer. It can be overwhelming to make choices at the store because of the breadth of products on the market,” explained Geoff Brosseau, executive director of the Bay Area Stormwater Management Agencies Association (BASMAA). “Home and garden pests can be managed with less-toxic methods. With trained managers and employees, consumers can now get more support in finding less-toxic products. These products effectively manage pests with the least impact on the environment.”
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Orchard Supply points to strengthened financial position
Orchard Supply Hardware Stores has announced additional progress in its efforts to strengthen its financial position through refinancing and reducing its debt.
The company closed on a new five-year Senior Secured Credit Facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America, N.A. The new facility replaces Orchard’s existing $100.0 million Senior Secured Credit Facility.
During the past 12 months, Orchard reduced its long-term debt by about $93 million and secured funds to remodel Orchard stores, primarily through multiple sale-leaseback transactions of company-owned properties. Its Real Estate Secured Term Loan was paid off as of July 28, 2012.
"We are pleased with the progress we have made to strengthen the company’s financial position, which includes substantially reducing debt and lowering our borrowing costs," stated Chris Newman, EVP and chief financial officer. "We are particularly pleased to have the new credit facility in place, which provides Orchard with additional borrowing capacity at better rates. We greatly appreciate the confidence that Wells Fargo and Bank of America have in our ability to manage and grow the company."
Moelis & Co. will lead the refinancing efforts of the Senior Secured Term Loan.
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