99 Cents Only expands asset-based lending agreement to $185 million

By Wendy Van Sickle

Columbus, Ohio, Aug. 25 – 99 Cents Only Stores LLC expanded its asset-based lending agreement by $10 million to $185 million on Monday, according to a filing with the Securities and Exchange Commission.

The facility is originally dated Jan. 13, 2012 with Royal Bank of Canada as administrative agent. The additional commitments have pricing terms identical to its existing commitments.

99 Cents is a City of Commerce, Calif.-based operator of extreme-value retail stores.

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