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CSS Industries Expands Facility With Wells Fargo, Citizens Bank of PA

March 25, 2015, 07:13 AM
Filed Under: Consumer Products

CSS Industries, Inc. announced the renewal to its revolving credit facility with Wells Fargo Bank, National Association and Citizens Bank of Pennsylvania. With the renewal, the facility's expiration date has been extended from March 17, 2016 to March 16, 2020. Borrowing availability under the revolving credit facility will continue to fluctuate from a low of $50 million during times when the company historically has seasonally lower working capital to a maximum level of $150 million during the company’s historical peak seasonal working capital periods. The revolving credit facility was structured and arranged by Wells Fargo.

CSS is a consumer products company primarily engaged in the design, manufacture, procurement, distribution and sale of all occasion and seasonal social expression products, principally to mass market retailers. These all occasion and seasonal products include decorative ribbons and bows, boxed greeting cards, gift tags, gift wrap, gift bags, gift boxes, gift card holders, decorative tissue paper, decorations, classroom exchange Valentines, floral accessories, Easter egg dyes and novelties, craft and educational products, stickers, memory books, stationery, journals, note cards, infant and wedding photo albums, scrapbooks, and other gift items that commemorate life’s celebrations.

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