NEW YORK — Elizabeth Arden Inc. adjusted its asset-backed credit facility maturing in 2006 on the strength of its "improved operating and financial performance."

Stephen Smith, executive vice president and chief financial officer, noted in a statement: "The amendment not only allows for lower borrowing costs, but also provides significant additional liquidity and growth capital over the next several years, and removes potentially restrictive covenants for the term of the facility."

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus