Apparel retailer New York & Company sales up in Dec
06 Jan '06
3 min read
This facility will bear interest at the Eurodollar rate plus 2.5 percent, as compared to the Eurodollar rate plus 5.0 percent on the existing loan, lowering 2006 projected interest costs.
In addition, the Company's lenders extended the term of its existing $90.0 million revolving credit facility to March 17, 2009.
In connection with this prepayment, the Company will write off in the fourth quarter unamortized deferred financing costs of $0.9 million related to the previously existing $75.0 million term loan.
New York & Company is a lifestyle brand: the clothes are modern and trendy; the prices are affordable.
New York & Company is available exclusively in their own stores.
That's over 500 New York & Company stores nationwide.
The energy, the inspiration, the fashion — New York is the city where nothing is out of reach, anything is possible and everyone is welcome.
New York & Company is characterized by that same forward thinking: progressive, accessible, and in-tune with the New York City rhythm.
marketing@alchempro.com
