Daily News: May 7, 2012

Trans World Entertainment Amends Facility With Wells Fargo

Trans World Entertainment announced it entered into an amended five-year, $75 million revolving secured credit agreement with Wells Fargo Bank. The new credit facility amends the company’s previous facility and will provide capital for general corporate purposes.

During 2011, the company did not have any borrowings under its credit facility. Currently, the company doesn’t have any loans outstanding on either the new or previous facility.