Market Overview

Cache Announces New Credit Facility Of $30M To Replace Prior Facility Of $25M

Share:

Cache, Inc., (NASDAQ: CACH), a U.S. based multi-channel specialty retailer of women's apparel and accessories, today announced that it has entered into a new, three year, $30 million revolving credit facility with Salus Capital Partners, LLC. The new facility replaces the Company's existing $25 million revolving credit facility with Wells Fargo Bank, National Association.

Jay Margolis, Chairman and Chief Executive Officer, commented: “We are pleased to have secured this new credit facility with Salus Capital, which improves our financial flexibility as we continue to implement our turnaround plan to position Cache for profitable growth.”

Posted-In: News Financing Press Releases

 

Related Articles (CACH)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com