Blair Corp., Warren, PA, has closed a revolving credit facility of up to $30 million, secured by certain assets of the company and its subsidiaries, with several financial institutions including PNC Bank and National Association. Under the terms of the agreement, $10 million of the $30 million is available to Blair. The company can tap into the balance once it meets certain conditions, which it chose
Advertisement
Blair Corp., Warren, PA, has closed a revolving credit facility of up to $30 million, secured by certain assets of the company and its subsidiaries, with several financial institutions including PNC Bank and National Association.
Under the terms of the agreement, $10 million of the $30 million is available to Blair. The company can tap into the balance once it meets certain conditions, which it chose not to outline.
As of Monday, the direct marketer of women's and men's apparel and home products had not used any of the available funds.
