Finlay seeking upsizing of $225 million revolver

By Sara Rosenberg

New York, Nov. 16 - Finlay Enterprises Inc. plans on increasing the size of its asset-based revolving credit facility from its current size of $225 million, according to a company news release.

The company also plans to use borrowings under the revolver to retire its gold consignment agreement at the end of the month,

With the retirement of the agreement, the company's revolver borrowing base will be increased by about $60 million.

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

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