Brief: Express Inc Announces Refinancing Transactions

Express

28/11/2022 21:53

Nov 28 (Reuters) - Express Inc  EXPR.N :
    * EXPRESS, INC. ANNOUNCES REFINANCING TRANSACTIONS
    * ANNOUNCED TWO TRANSACTIONS IN SUPPORT OF A COMPREHENSIVE
PLAN TO
REFINANCE ITS CAPITAL STRUCTURE AND EXPAND ITS LIQUIDITY ACCESS
    * INCREASING MAXIMUM REVOLVER AMOUNT BY $40 MILLION TO $290
MILLION
    * REFINANCING AND REDUCING EXPRESS' FIXED DEBT EXPOSURE BY
AMENDING ITS CURRENT $140 MILLION SENIOR SECURED ASSET-BASED
TERM LOAN CREDIT FACILITY

Source text for Eikon:  ID:nBw5QCjQ3a 
Further company coverage:  EXPR.N 
 ((Reuters.Briefs@thomsonreuters.com))