H.h. Gregg Renegotiates Revolving Credit Facility
H.h. gregg announced an early renegotiation of its revolving credit facility. The amended revolving credit facility lowers the maximum credit limit from $400 million to $300 million to align with the company's expected inventory levels, it said. It also increases…
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the borrowing base availability calculation, increasing funds available to the company by $20 million to $185 million, the company said Tuesday, with no interest rate change. The maturity date was extended to June 28, 2021. The retailer is on track to reset more than 100 stores and add seven Fine Lines departments by the holiday season, said Chief Financial Officer Robert Riesbeck, who's interim president-CEO.​