GSI Commerce increases revolving credit facility to $150 million

By Sara Rosenberg

New York, March 25 - GSI Commerce Inc. expanded its secured revolving credit facility to $150 million from $90 million and extended the maturity to March 2013, according to a news release.

The upsizing was done through the accordion feature contained in the revolver.

With the upsizing, Deutsche Bank, JPMorgan and UBS were added to the bank group, joining existing lenders PNC, Bank of America, TD Bank, Sovereign Bank, HSBC and Morgan Stanley.

PNC and Bank of America acted as the joint lead arrangers and joint bookrunners on the facility expansion, with PNC the administrative agent.

GSI Commerce is a King of Prussia, Pa.-based provider of e-commerce and interactive marketing services.

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