Trans World Entertainment amends revolver, revising agent, pricing

By Sara Rosenberg

New York, May 7 - Trans World Entertainment Corp. amended its revolving credit facility, making Wells Fargo the administrative agent in place of Bank of America Merrill Lynch and revising pricing, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Pricing on the revolver due May 4, 2017 can now range from Libor plus 225 basis points to 275 bps based on average excess availability.

Also, the unused fee can now range from 37.5 bps to 50 bps based on average daily balance.

The amendment was completed on May 4.

Trans World is an Albany, N.Y.-based retailer of entertainment software products.

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