Whitehall Jewellers - Prentice & Holtzman merger announced
06 Feb '06
2 min read
On February 1, 2006, Whitehall was in default under its senior credit agreement. However, Whitehall's senior lenders are waiving these defaults and consenting to the extension of the bridge term loan maturity date and the making of the additional $20 million loan described above.
The senior lenders also are reinstating $10 million in availability under the credit facility.
Whitehall Jewellers Inc is a national specialty retailer of fine jewelry, operating 366 stores in 38 states.
The Company has announced that it intends to close a number of stores in the near term.
The Company operates stores in regional and super regional shopping malls under the names Whitehall Co Jewellers, Lundstrom Jewelers and Marks Bros Jewelers.
marketing@alchempro.com
