Maidenform Brands extends senior secured revolving facility to 2014

By Marisa Wong

Madison, Wis., April 3 - Maidenform Brands, Inc. amended its senior secured credit facility dated June 15, 2007 with Bank of America, NA as administrative agent and Caisse de depot et placement due Quebec as lead arranger, according to an 8-K filing with the Securities and Exchange Commission.

The facility consists of a $100 million seven-year amortizing first-lien term loan and a $50 million five-year revolving loan facility.

The amendment, which became effective on March 28, extends the maturity date of the revolving loan to June 15, 2014.

The company also sold and transferred a portion of its revolving loan commitment to Bank of America in the principal amount of $5 million and to Wells Fargo Bank, NA in the amount of $20 million.

Maidenform is an Iselin, N.J.-based marketer of intimate apparel.

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