Finish Line enters $100 million unsecured revolving credit facility

By Jennifer Chiou

New York, Dec. 6 - Finish Line, Inc. and some of its subsidiaries entered into on Nov. 30 an amended and restated $100 million unsecured revolving credit facility agreement with Bank of America, NA as syndication agent and PNC Bank, NA as administrative agent, lead arranger and bookrunner, according to an 8-K filing with the Securities and Exchange Commission.

The subsidiaries include the Finish Line USA, Inc., Finish Line Distribution, Inc., Finish Line Transportation Co., Inc. and Spike's Holding, LLC.

The amended facility expires on Nov. 30, 2017.

Finish Line may increase the availability under the facility to up to $200 million.

Pricing ranges from Libor plus 90 basis points to 175 bps depending on leverage.

Proceeds will go toward letters of credit, working capital needs, capital expenditures and other general corporate purposes.

The specialty retailer is based in Indianapolis.

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