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Angelo Gordon Inks Up to $8MM Credit Facility for Christopher & Banks

February 28, 2020, 09:10 AM
Filed Under: Retail
Related: Angelo Gordon

Christopher & Banks Corporation, a specialty women’s apparel retailer, announced the amendment of its Asset-Based Revolving Credit Facility and that it has entered into a Term Loan Credit Facility with an LLC of Angelo Gordon. The Company also announced in a separate press release preliminary sales results for the fourth quarter ended February 1, 2020.

The new credit facility package will provide incremental liquidity of $6-$8 million to support the company’s growth objectives.

Keri Jones, President and Chief Executive Officer, commented, “We are pleased to have completed these transactions. The new facility provides us with increased liquidity and financial flexibility to support our growth strategies as we continue to gain momentum in our turnaround strategy.”

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