Francesca’s obtains $10 million second-lien term loan agreement

By Rebecca Melvin

New York, Aug. 14 – Francesca’s Holdings Corp. has obtained a $10 million second-lien term loan agreement from Tiger Finance LLC, according to a company press release.

The company also announced completion of its previously announced strategic alternatives review.

The term loan credit agreement matures Aug. 13, 2022 and is subject to a combined borrowing base together with the company’s existing asset-based revolving credit facility. The combined borrowing base, after taking into account the term loan credit agreement, is expected to provide about $7 million of net additional liquidity to the company.

The Houston-based company is a specialty retailer.

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