Tuesday, August 7, 2018

Women’s apparel retailer extends credit agreement

Chain Store Age
Christopher & Banks Corp. is getting a reprieve on its credit facility.

The women’s apparel retailer entered into an agreement to extend its current senior secured revolving credit facility of up to $50 million. The deal also includes an additional $5 million through a first in, last out (FILO) loan, which is as an advance on unsold merchandise. . . . more