February 1, 2018 / 9:40 PM / 22 days ago

BRIEF-Destination Maternity Corp Entered Into A New Five-Year $25 Mln Senior Secured Term Loan Facility

Feb 1 (Reuters) - Destination Maternity Corp:

* DESTINATION MATERNITY CORP - ENTERED INTO A NEW FIVE-YEAR $25 MILLION SENIOR SECURED TERM LOAN FACILITY

* DESTINATION MATERNITY CORP - NEW $25 MILLION TERM LOAN WILL BEAR INTEREST AT LIBOR + 9.0% PER ANNUM

* DESTINATION MATERNITY CORP - PROCEEDS WILL BE USED TO REPAY COMPANY‘S EXISTING TERM LOAN DUE MARCH 2021

* DESTINATION MATERNITY CORP - CO, WELLS FARGO HAVE AGREED TO EXTEND COMPANY‘S CURRENT REVOLVING CREDIT FACILITY TO BE COTERMINOUS WITH NEW TERM LOAN Source text for Eikon: Further company coverage:

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