The Company also announced that it had amended and restated its Infant & Juvenile segment credit facility, which now consists of a term loan in the amount of $100 million and a revolving credit facility of up to $75 million.
As of the closing, the Company had outstanding the full amount of the term loan and approximately $31 million of the revolving credit facility.
Mr. Crain added, "Our expanded credit facility is a testament to the strength of our Infant & Juvenile business model, and will provide the financial flexibility to enable us to continue to pursue our strategic objectives."
Russ Berrie and Company Inc
marketing@alchempro.com
