GFSI Holdings draws on revolver to help fund note repurchase

By Sara Rosenberg

New York, Oct. 2 - GFSI Holdings Inc. borrowed approximately $11.6 million under its revolver to help fund a note repurchase and pay related transaction fees, according to a filing with the Securities and Exchange Commission.

The $60 million 11.375% senior discount note repurchase was also funded through the issuance of common and preferred stock in exchange for $30 million of the notes.

GFSI is a Lenexa, Kan. designer, manufacturer and marketer of sportswear and active wear.

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