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Holley Performance Products, Inc. Announces a New $41 Million Credit Facility

5 January 2001

Holley Performance Products, Inc. Announces a New $41 Million Credit Facility

    BOWLING GREEN, Ky., Jan. 5 Holley Performance Products
Inc. announced today that it has closed on a new $41 million senior credit
facility with Fleet Capital.  The line of credit refinances Holley's existing
bank indebtedness, and provides support for Holley's future working capital
and capital asset acquisitions.
    Jeffrey King, Holley's President and CEO, stated, "We are very pleased
with our new relationship with Fleet Capital.  They are an excellent bank with
a strong track record in supporting the needs of middle market companies like
Holley.  This new credit facility provides us with additional working capital
and liquidity to help support our growth strategy.  It increases our financial
flexibility and results in an immediate reduction in our borrowing rates with
the potential of further reductions as we achieve our financial objectives."
    Mr. King concluded, "We appreciate the support and confidence that Fleet
Capital has shown in Holley through this new credit facility.  It provides us
with the added financial resources and flexibility that we were looking for to
support our strategic and business plans."
    Holley is the heart and soul of the performance engine market, and is used
throughout the world in racing, street, marine, powersports, and industrial
high performance engines.  Holley's family of companies includes the leading
brands in the performance market including: Holley(R), Weiand(R), Lunati(TM),
General Kinetics(TM), Hooker(R), FlowTech(R), Annihilator(R), Earl's(R), and
NOS(R).