Hampshire Group Limited announced that it has entered into an amendment to its credit facility that provides for an extension of the credit facility's term to February 15, 2008.
While the Company can provide no assurances, management believes that it will be able to renew the credit facility on terms no less favorable in the aggregate than those contained in its current credit facility and that the borrowings available to it, under the replacement credit facility, along with cash flow from operations, will provide adequate resources to meet its capital requirements and operational needs for the foreseeable future.
Hampshire Group, Limited is a diversified apparel company, believed to be the largest supplier of women's and men's sweaters in North America and a leading supplier of women's related separates.
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