BOSTON (Thomson Financial) - Talbots Inc. Friday said it finalized the terms
of its $50 million unsecured subordinated working capital term loan credit
facility with Aeon Inc., a wholly owned subsidiary of its majority shareholder,
Aeon Co. Ltd.
The new $50 million credit facility, which matures on Jan. 28, 2012,
increases Talbot's total working capital borrowing capacity to $215 million. It
is subordinated to the company's other financial institution indebtedness
existing as of the closing date, Talbots said.
Shares of the Hingham, Mass.-based women's clothing retailer closed Thursday
at $11.75.
Casey Logan
cl/pc
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