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Bloomberg: Body Central Says Credit Line With Crystal Has Been Terminated

January 12, 2015, 07:38 AM
Filed Under: Retail

Body Central Corp., the struggling women’s clothing retailer, said lender Crystal Financial LLC has terminated its $17 million credit line, dealing another blow to a company that’s already exploring bankruptcy according to a Bloomberg news story.

The lender is cutting the loan because of a notice of default this week from holders of $18 million in debt, Body Central said today in a regulatory filing. Bloomberg reports the Jacksonville, Florida-based retail chain said it doesn’t currently owe any money to Crystal.

The Bloomberg article notes the company is preparing a bankruptcy filing that may come within days.

To view the Bloomberg story in its entirety, click here.

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