FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Wells Fargo Capital Finance, Brookstone Increase Credit Facility to $110MM

August 14, 2013, 07:29 AM
Filed Under: Retail

In its second quarter earnings release, Brookstone announced that it has entered into an amended banking facility with Wells Fargo Capital Finance, part of Wells Fargo & Company, which will provide up to $25 million of additional availability as the Company looks forward to the fourth quarter holiday selling season.  This new facility includes an expansion of Brookstone's current line of credit by $10 million to $110 million, and additional short term funds of up to $15 million.

"We are pleased to have been able to complete this important financing for Brookstone which will allow them the financial flexibility to make strategic business decisions," said James Dore, President of the Commercial and Retail Finance Group at Wells Fargo Capital Finance. "The senior management team has been incredible to work with and we look forward to supporting this specialty retailer."

Brookstone is an innovative product development company and multi-channel lifestyle retailer.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.