ALCO Stores gets $125 million revolver, $17.5 million of term loans

By Angela McDaniels

Tacoma, Wash., June 2 - ALCO Stores, Inc. entered into an amended and restated credit agreement that provides for a $125 million senior secured revolver, a $5 million real estate term loan and a $12.5 million term loan, according to a company news release.

The amendment and restatement increased the credit agreement to $142.5 million from $130 million and extended it for five years through 2019.

The additional availability will be collateralized by five owned properties (four retail stores and the company's distribution center) and expanded access to inventory assets.

Proceeds will be used for working capital and general corporate purposes.

Wells Fargo Capital Finance is the administrative agent.

ALCO is a broad-line retailer based in Coppell, Texas.

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