Columbia Sportswear amends facility covenant to exclude some debt

By Marisa Wong

Morgantown, W.Va., Aug. 2 – Columbia Sportswear Co. entered into an eighth amendment to its credit agreement dated June 15, 2010 with Wells Fargo Bank, NA as administrator for the lenders and a lender and Bank of America, NA as a lender, according to an 8-K filing with the Securities and Exchange Commission.

The amendment clarifies the indebtedness negative covenant to include an exception for intercompany debt and is retroactively effective as of June 15, 2010.

The outerwear and sportswear company is based in Portland, Ore.

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