Hampshire Group, providing an update regarding its credit agreement, announced the company to date has not secured a new credit facility to replace its previous agreement with its lender, which, according to a related 8-K filing, is Salus Capital Partners.

Hampshire said the company’s lender has declined to extend the forbearance and maturity date beyond June 3, 2016. Accordingly, Hampshire currently is in default of the credit agreement.

Hampshire continues to explore various alternatives, including an orderly wind down of its operations. Management plans to provide further updates on Hampshire’s situation as new information becomes available.

Hampshire Group, along with its wholly-owned subsidiary, Hampshire Brands, is a provider of fashion apparel across a broad range of product categories, channels of distribution and price points.