The Talbots Inc., a direct marketer of women’s apparel, shoes and accessories, has made agreements with three banks to convert its uncommitted working capital lines into committed lines.
Specifically, the Hingham, MA has entered into agreements with Mizuho Corporate Bank Ltd; Sumitomo Mitsui Banking Corp. and The Norinchukin Bank to convert each of its existing uncommitted working capital lines of $75 million, $50 million and $25 million respectively, to committed lines.
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