Frederick's of Hollywood (FOH) Reports a Q4 Loss; Updates Amendment to Senior Facility
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Frederick's of Hollywood Group Inc. (NYSE Amex: FOH) reports a Q4 loss of $0.27 compared to a loss of $0.28 for the same period last year. Revenues were $34.46 million compared to $42.1 million for Q4 of last year.
Amendment to Senior Facility:
Effective immediately, an amendment to the Company's senior revolving credit facility with Wells Fargo Retail Finance II, LLC requires the Company to receive at least $4.4 million of net proceeds in a financing by August 1, 2010. This is compared to the previous agreement terms that required the Company to receive at least $4.9 million of net proceeds by December 7, 2009.
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