Tuesday Morning in new, improved credit deal
December 17, 2008,
Dallas – Closeout chain Tuesday Morning has entered into a new, five-year, $150 million senior secured revolving credit facility with Bank of America, N.A. as administrative agent and Wells Fargo Retail Finance, LLC as joint lead arranger.
Kathleen Mason, president and ceo, said, “Securing a new credit facility which provides us with greater flexibility than our previous facility is a testament to the strength of our balance sheet. We believe that this facility represents a competitive advantage in this challenging retail environment and should give greater confidence to our shareholders and vendor partners that we are well positioned to weather the current economic storm.”
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