Finlay reduces revolving credit facility balance by $106.2 million since end of January

By Sara Rosenberg

New York, May 1 - Finlay Enterprises Inc. brought the balance under its revolving credit facility down to $130 million at the end of April from $236.2 million at Jan. 31, according to a 10-Q filed with the Securities and Exchange Commission on Friday.

The revolver balance was reduced as a result of liquidation in locations that the company plans to close.

Finlay is a New York-based retailer of fine jewelry and an operator of licensed jewelry departments in department stores.

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