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G-III Apparel increases revolver size, extends maturity
By Sara Rosenberg
New York, April 3 - G-III Apparel Group Ltd. increased its secured revolving credit facility to $250 million from $195 million and extended the maturity to July 2011, according to a news release.
CIT is the lead bank on the deal.
"This larger line is more appropriate for our business given our continued strong organic growth and our recent acquisition of the Andrew Marc business," said Morris Goldfarb, chairman and chief executive officer, in the release.
G-III is a New York-based manufacturer and distributor of outerwear and sportswear.
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