Wilsons amends revolver, eliminating capital expenditure limits and financial covenants

By Sara Rosenberg

New York, Jan. 3 - Wilsons The Leather Experts Inc. amended its $135 million revolving credit facility, removing capital expenditure limits and financial covenants and changing the formula for advances to provide more flexibility in borrowing, according to a company news release.

GE Corporate Lending and Wells Fargo Retail Finance, LLC are the lead banks on the deal.

Wilsons is a Brooklyn Park, Minn.-based specialty retailer of leather outerwear, accessories and apparel.

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