Gottschalks cuts deal for financing
February 13, 2002-- Home Textiles Today,
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.
Related Content By Author
Online Moves From Afterthought To Main Thought For Textiles Suppliers