Interviews
Russ Berrie acquires LaJobi & CoCaLo
04 Apr '08
2 min read
The Company also announced that it had amended and restated its Infant & Juvenile segment credit facility, which now consists of a term loan in the amount of $100 million and a revolving credit facility of up to $75 million.
As of the closing, the Company had outstanding the full amount of the term loan and approximately $31 million of the revolving credit facility.
Mr. Crain added, "Our expanded credit facility is a testament to the strength of our Infant & Juvenile business model, and will provide the financial flexibility to enable us to continue to pursue our strategic objectives."
As of the closing, the Company had outstanding the full amount of the term loan and approximately $31 million of the revolving credit facility.
Mr. Crain added, "Our expanded credit facility is a testament to the strength of our Infant & Juvenile business model, and will provide the financial flexibility to enable us to continue to pursue our strategic objectives."
Russ Berrie and Company Inc
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