Maidenform gets $150 million credit facility

By Sara Rosenberg

New York, June 18 - Maidenform Brands Inc. closed on its new $150 million credit facility, according to a company news release.

Caisse de depot et placement du Quebec acted as the lead arranger on the deal and Bank of America as a joint lender and administrative agent.

The facility consists of a $100 million seven-year term loan and a $50 million five-year revolver, with both tranches initially priced at Libor plus 125 basis points.

Proceeds were used to refinance the company's existing credit facility.

Maidenform is a Bayonne, N.J.-based marketer of intimate apparel.

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