Oxford Industries and its subsidiary, Tommy Bahama Group, entered into an amendment to its credit agreement which provides for a revolving credit facility of up to $325 million. The facility may be used to refinance existing debt, to fund working capital, to fund future acquisitions and for general corporate purposes.

According to a related 8-K filing, the lender group was led by SunTrust Bank serving as administrative agent.

The credit agreement provides for a revolving credit facility of up to $325 million, which may be increased by up to an additional $100 million by the borrowers (which, at the borrowers’ election, may take the form of a first in-last out tranche), subject to certain conditions.