Daily News: July 22, 2013

PNC Canada Provides ABL to Hart Stores


Hart Stores announced that it entered into a new revolving credit facility with PNC Bank Canada Branch providing for a maximum financing of $30 million. The new asset-based revolver will replace the company’s existing banking arrangement and will provide for enhanced financing terms and conditions.

Hart Stores operates a network of 60 mid-sized department stores located in secondary and tertiary markets in eastern Canada.