Guess? expanded the borrowing capacity under its existing European revolving credit facility from €250 ($268.5) million to €350 ($375.9) million. The facility, maintained through the company’s wholly-owned Swiss subsidiary, Guess Europe Sagl, has a remaining term of roughly three years.
“The expansion of our European credit facility reflects the confidence of our lenders in our strategy and the importance of the European region to our overall company,” Carlos Alberini, CEO of Guess?, said. “The expanded credit facility will provide incremental access to longer-term capital while continuing to align financial incentives with our sustainability goals.”
