rue21 amends credit facility to refinance and extend its loans

By Cady Vishniac

Detroit, Dec. 16 – r21 Holdings, Inc. (rue21) has amended its existing credit agreements to refinance, increase, and extend its loans, according to a company press release.

Specifically, the company has refinanced its term loan, increased its asset-based lending agreement led by Bank of America, NA to $155 million, extended the maturity on its ABL facility to 2025 and increased its FILO loan with Bank of America and Tiger Finance.

Total liquidity exceeds $100 million.

rue21 is a Warrendale, Pa., teen-focused specialty.

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