J.Crew lifts asset-based revolving credit facility to $375 million

By Sarah Lizee

Olympia, Wash., Sept. 21 – J.Crew Group, Inc. entered into a sixth amendment to its credit agreement with Bank of America, NA as administrative agent on Wednesday to increase the commitment of its asset-based revolving credit facility to $375 million from $350 million, according to an 8-K filing with the Securities and Exchange Commission.

The additional $25 million was provided by MUFG Union Bank, NA, which joins the ABL facility as a new lender.

J.Crew is a retailer of women’s, men’s and children’s apparel, shoes and accessories. The company is based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.