Summer Infant closed a $60 million asset-based revolving credit facility with Bank of America and a $17.5 million term loan with Pathlight Capital.
Summer Infant amended and extended its $60 million asset-based revolving credit facility with Bank of America and committed to a $17.5 million term loan with Pathlight Capital.
In response to the Toys “R” Us Chapter 11 filing, Summer Infant, a manufacturer of infant and baby products, amended its existing credit agreement to allow for greater flexibility.
Summer Infant has amended its existing credit facility with a lender group led by Bank of America as administrative agent.