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PNC Canada Provides $30MM Facility to Hart Stores

July 22, 2013, 07:47 AM
Filed Under: Retail
Related: PNC Bank Canada

Hart Stores Inc. annouced it has entered into a new revolving credit facility with PNC Bank Canada Branch providing for a maximum financing of $30 million. This new asset-based revolving credit facility will replace the company's existing banking arrangement and will provide for enhanced financing terms and conditions.

Hart Stores Inc. operates a network of 60 mid-sized department stores located in secondary and tertiary markets in Eastern Canada, where the company has established a dominant position in many of the communities that it serves. The stores offer an extensive and differentiated selection of national and exclusive fashion apparel brands as well as family footwear, home furnishings, electronics, appliances, giftware, toys and seasonal goods.

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