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News Flash
Bombay enters into five year $125mn credit facility
26 Oct '06
1 min read
The Bombay Company Inc announced that it has entered into a new five year, $125 million, secured credit facility with GE Commercial Finance, Corporate Lending.
The new facility will be used to fund working capital requirements and other corporate needs and replaces the Company's existing credit facility.
David B. Stewart, Chief Executive Officer, indicated, "We are very pleased with the terms of the credit agreement and look forward to a long-term relationship with GE-Corporate Lending. The new facility provides the Company with greater liquidity and flexibility and gives us the support we need to continue to reenergize our core business."
"Having in-depth industry knowledge of the retail space allowed us to structure financing that better meets Bombay's financing needs," said Jim Hogan, Managing Director of GE-Corporate Lending's Retail Group. "We look forward to continuing to bring industry expertise and smarter financial solutions to Bombay and other retailers alike."
The new facility will be used to fund working capital requirements and other corporate needs and replaces the Company's existing credit facility.
David B. Stewart, Chief Executive Officer, indicated, "We are very pleased with the terms of the credit agreement and look forward to a long-term relationship with GE-Corporate Lending. The new facility provides the Company with greater liquidity and flexibility and gives us the support we need to continue to reenergize our core business."
"Having in-depth industry knowledge of the retail space allowed us to structure financing that better meets Bombay's financing needs," said Jim Hogan, Managing Director of GE-Corporate Lending's Retail Group. "We look forward to continuing to bring industry expertise and smarter financial solutions to Bombay and other retailers alike."
The Bombay Company Inc
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