Trans World Entertainment entered into an amended five-year revolving secured credit agreement with Wells Fargo Capital Finance. The facility allows for availability of $50 million with a seasonal adjustment up to $75 million at the company’s option.

The new credit facility will provide capital for general corporate purposes.

Mike Feurer, CEO, said, “We are pleased to continue our relationship with Wells Fargo. Our amended credit facility affords us the ability to match our borrowing capacity with our availability during the year and provides flexibility during the holiday season while at the same time lowering our borrowing costs. It underscores the financial strength of Trans World Entertainment and helps ensure our ability to fund growth and strategic initiatives over the next five years.”

For more than 40 years, Trans World Entertainment has operated as a specialty retailer of entertainment and pop culture merchandise with stores in the U.S. and Puerto Rico, primarily under the name FYE.