follow us

Gottschalks cuts deal for financing

Fresno, CA — Gottschalks Inc. said it has cut a new financing pact that provides it with up to $165 million in borrowing ability.

The new revolving credit facility has a term of three years, with a maturity date of Jan. 31, 2005. GE Capital is acting as administrative agent for the lender syndicate, which also includes CIT Business Credit.

Featured Video

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today