Express (EXPR) Announces Refinancing Transactions
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Express, Inc. Announces Refinancing Transactions
November 28, 2022 4:50 PM ESTCOLUMBUS, Ohio--(BUSINESS WIRE)-- Fashion apparel retailer Express, Inc. (NYSE: EXPR) today announced two transactions in support of a comprehensive plan to refinance its capital structure and expand its liquidity access while concurrently reducing interest rate exposure and providing flexibility to pay down its outstanding term debt balance.
These two transactions include:
Increasing the maximum revolver amount by $40 million to $290 million by amending its current $250 million Senior Secured Asset-Based Revolving Credit Facility (the Amended Revolving Credit Facility) Refinancing and reducing Express fixed debt exposure by amending its current $140... More