Warnaco plans new $300 million asset-based revolver

By Sara Rosenberg

New York, Aug. 7 - The Warnaco Group Inc. expects to get a new $300 million five-year asset-based revolving credit facility, company officials said in a conference call Thursday.

The new facility will replace the company's existing $225 million revolver, and as part of this refinancing, the company plans to repay its term loan B in full, which has about $106 million outstanding.

Closing on the new revolver is anticipated to take place during the third quarter.

Warnaco is a New York-based apparel company.

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