Get Free INDUSTRY NEWS delivered to your inbox - Click Here to Register
 
 
 
 
ABF Journal...for the commercial finance professional
  Inside the latest ABF Journal

In the Next Issue of ABFJ
 
 
 
The Real “New Normal”
ABLs on the Illusion of Perception
 
ABL SERVICES DIRECTORY
Our exclusive services directory
including asset-based lenders, secured
lenders, factoring companies, investment
banks and other industry providers.

FEATURED PARTNERS:




 
ABL DEAL CHARTS
Powered by

abfjournal

.com


RECENTLY REPORTED DEALS:

Wells Fargo Capital Finance/GE Capital
$465MM, Global Brass and Copper

PNC/Steel City Funding
$102.5MM, HOP Energy

Burdale Capital Finance
$60MM, MAG Industrial Automation


Access the latest asset-based
finance transactions on
abfjournal.com

 
Access to the Equipment Finance
industry is just one click away...



Visit our affiliate website today!
 
Jones Apparel Amends $650 Million Senior Secured Credit Facility
 
Wednesday, June 30, 2010
Jones Apparel Group completed an amendment and extension of its existing $650 million senior credit facility. J.P. Morgan Securities and Citigroup Global Markets were joint lead arrangers in the amendment process.

The amended terms and conditions provide for a decrease in fees and interest rates to current market rates and an extension of the maturity date to May 13, 2015. The amended terms and conditions also permit Jones to refinance its senior notes due in 2014. The credit facility is primarily used as backing for the issuance of trade letters of credit and other supply chain purposes, but also may be used for working capital and general corporate purposes. Currently, no cash borrowings are outstanding under the existing facility.

Previously on abfjournal.com:

Jones Apparel Consummates New $650 Million Credit Facility, Thursday, May 14, 2009



SOUND OFF! 
Send a letter to the Senior Editor, Stuart Papavassiliou at sppapa@abfjournal.com.

To get your company’s news included on the abfjournal.com site and published in the ABF Journal, contact Stuart Papavassiliou, Senior Editor, at 800.708.9373 x124 or e-mail news to sppapa@abfjournal.com.

If you would like to search our News Archives, please click here


Back to News

ADVERTISEMENT

 
ADVERTISEMENT
 
SPONSORED LINKS


 
ADVERTISEMENT