Ollie's Bargain Outlet schedules a loan lender call for Tuesday

By Sara Rosenberg

New York, Feb. 14 - Ollie's Bargain Outlet scheduled a call for 2 p.m. ET on Tuesday for credit facility lenders, according to a market source.

In September 2012, the company got a $225 million covenant-light term loan priced at Libor plus 500 basis points with a 1.25 % Libor floor. The loan has 101 soft call protection for one year.

Jefferies Finance LLC, M&T Bank and KeyBanc Capital Markets led the term loan.

Ollie's is a Harrisburg, Pa.-based retailer of closeouts, excess inventory and salvage merchandise.

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