Totes Isotoner gets $145 million credit facility

By Sara Rosenberg

New York, Oct. 25 - Totes Isotoner Corp. closed on a new $145 million senior secured credit facility, according to a news release.

GE Capital Markets acted as lead arranger and bookrunner on the deal.

The facility consists of a $65 million asset-based revolver and an $80 million term loan.

Proceeds were used to redeem preferred stock and fund the purchase of the ESNY division of E.S. Originals Inc.

Totes is a Cincinnati, Ohio, marketer of branded umbrellas, gloves, slippers and other weather-related accessories.

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