Coldwater Creek completes $70mn revolving credit facility

10 Jul '12

4 min read

"We believe that Golden Gate Capital's extensive retail investment experience, combined with our long-time banking relationship with the Retail Finance team at Wells Fargo Capital Finance, strengthens our financial position and provides the capital foundation to achieve our long-term goals," said Jim Bell, Executive Vice President, Chief Operating Officer, and Chief Financial Officer.

RBC Capital Markets, LLC acted as financial advisor and Pillsbury Winthrop Shaw Pittman LLP and Hogan Lovells US LLP served as counsel for Coldwater Creek in this transaction.

Reiterates Second Quarter Fiscal 2012 Guidance

Coldwater Creek reiterated its second quarter fiscal 2012 guidance of a loss per share of $0.15 to $0.20. This is based on 121.8 million weighted average shares outstanding, and compares with a net loss of $0.30 per diluted share on 92.6 million weighted average shares outstanding for the fiscal 2011 second quarter due to the public offering of 28.9 million shares of its common stock on October 24, 2011.

Coldwater Creek is a leading specialty retailer of women's apparel, gifts, jewelry, and accessories that was founded in 1984 and is headquartered in Sandpoint, Idaho. The Company sells its merchandise through premium retail stores across the country.

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