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Talbots amends loan, eliminating financial covenants
By Sara Rosenberg
New York, March 18 - Talbots Inc. amended its term loan, removing financial covenants, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.
Covenants removed include the leverage ratio, fixed-charge coverage ratio and net worth requirement.
Aeon Inc. is the provider of the loan.
The amendment was completed on March 12.
Talbots is a Hingham, Mass.-based specialty retailer and direct marketer of women's apparel, shoes and accessories.
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