Finlay draws on revolver for Congress Jewelers purchase

By Sara Rosenberg

New York, Dec. 4 - Finlay Enterprises Inc. used additional borrowings under its revolving credit facility to fund the acquisition of Congress Jewelers, according to a company news release.

The total purchase price includes about $6 million of cash and the retirement of about $10 million of debt.

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

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