BofAML Upsizes rue21 Line of Credit to $145MM

Bank of America Merrill Lynch increased specialty retailer rue21’s line of credit from $125 million to $145 million.

BofA Agents Up to $125MM ABL DIP for rue21

Retailer rue21 filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Pennsylvania. The company has secured up to $125 million DIP financing from its existing ABL lenders with Bank of America as administrative agent.