DGSE Renews Credit Facility

DGSE Companies, which owns Dallas Gold and Silver Exchange,
announced that its primary lender, Texas Capital Bank, has renewed and extended
its credit facility.

The credit facility includes a $3.5 million revolving note
and a $1 million term loan.

“We have had a long
and productive relationship with Texas Capital Bank and are pleased that the
facility has been renewed and extended in the current environment,” company
president William Oyster said in a statement.

DGSE Companies
wholesales, retails, and auctions jewelry, diamonds, fine watches,
precious metal bullion, and rare coins through its Dallas Gold and Silver
Exchange, Charleston Gold and Diamond Exchange, and Superior Gold & Diamond
Exchange operations, as well as via the Internet. It also owns Fairchild
International, one of the largest vintage watch wholesalers in the country.

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