Brief: Tillys Inc Unit Enters Into A Credit Agreement

Tillys

28/04/2023 21:57

April 28 (Reuters) - Tillys Inc  TLYS.N :
    * TILLYS INC -  ON APRIL 27, UNIT ENTERED INTO A CREDIT
AGREEMENT
    * TILLYS INC - CREDIT AGREEMENT REPLACED UNIT'S EXISTING
AMENDED
AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 20, 2022
    * TILLYS INC - PRIOR CREDIT AGREEMENT WAS TERMINATED
CONCURRENTLY
WITH ENTRY INTO CREDIT AGREEMENT
    * TILLYS INC - CREDIT AGREEMENT PROVIDES FOR AN ASSET-BASED,
SENIOR SECURED REVOLVING CREDIT FACILITY OF UP TO $65.0 MILLION
    * TILLYS INC - CREDIT AGREEMENT INCLUDES UNCOMMITTED
ACCORDION
FEATURE WHEREBY UNIT MAY INCREASE REVOLVING COMMITMENT BY AMOUNT
NOT TO EXCEED $12.5 MILLION
    * TILLYS INC - REVOLVING FACILITY MATURES ON APRIL 27, 2026

Source text : (https://bit.ly/3oMvzCx)
Further company coverage:  TLYS.N 

 ((Reuters.Briefs@thomsonreuters.com;))