May 29, 2007. /Lesprom Network/. Nashua Corporation, a manufacturer and marketer of labels and thermal specialty papers, announced on May 29, 2007 that it has signed a new five-year secured financing agreement with LaSalle Bank NA and Bank of America that provides a secured revolving credit facility of $28 million and a secured term loan of $10 million. The agreement, which is effective May 23, 2007, replaces the company's existing credit facility with these banks that was set to expire in March 2009. Proceeds under the revolver and term loan will be available to repay borrowings under Nashua's existing credit facility, purchase Nashua shares, fund working capital, fund permitted acquisitions and other general corporate purposes. John Patenaude, Nashua's vice president - finance, chief financial officer and treasurer, stated, "The new agreement should provide Nashua with the flexibility it requires for the future. Both of these institutions have been long-time supporters of the company, and we are pleased to extend our relationship with them." Nashua Corporation manufactures and markets a wide variety of specialty imaging products and services to industrial and commercial customers to meet various print application needs. The company's products include thermal coated papers, pressure-sensitive labels, colored copier papers, bond, point of sale, ATM and wide-format papers, entertainment tickets, as well as toners, developers, and ribbons for use in imaging devices.