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 Breaking Headlines

Pacific Sunwear Gets Expanded Credit Facility

SEPTEMBER 15, 2005 -- Pacific Sunwear of California entered into a new five-year $200.0 million credit facility with an expanded syndicate of banks. The new credit agreement increased the company's revolving line of credit to $200.0 million, which can be increased further up to $275.0 million at the option of the company under certain circumstances. The facility is available for direct borrowings and the issuance of letters of credit. This credit facility replaces the company's previous single-bank, $50.0 million credit facility, which was scheduled to expire on April 1, '07.


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Categories
Sporting goods industry
Credit

Companies
Pacific Sunwear of California Inc.

Concepts
Credit Facility
Expanded Credit Facility
credit agreement
revolving line
expanded syndicate





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