Ollie’s Bargain shops amendment for $50 million ABL revolver add-on

By Sara Rosenberg

New York, May 20 – Ollie’s Bargain Outlet is seeking an amendment to its credit facility that would provide for a $50 million upsize to its ABL revolver, according to a market source.

Proceeds from the ABL add-on will be used to fund a dividend, the source said.

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

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