Christopher & Banks amended its asset-based revolving credit facility and entered into a term loan credit facility with a subsidiary of Angelo Gordon.
The new credit facility package will provide incremental liquidity of $6 million to $8 million to support the company’s growth objectives.
“We are pleased to have completed these transactions. The new facility provides us with increased liquidity and financial flexibility to support our growth strategies as we continue to gain momentum in our turnaround strategy,” said Keri Jones, president and chief executive officer.
Christopher & Banks is a Minneapolis-based specialty retailer featuring exclusively designed privately branded women’s apparel and accessories.
