ST. LOUIS -- Kellwood Co. has completed a new $120 million revolving credit facility.
It includes a two-part lending agreement for a $70 million line of credit for three years, and a $50 million line for one year.
Proceeds will be used for working capital, general corporate purposes and, if needed, to fund acquisitions.
The new facility replaces a three-year, $60 million facility terminated June 24. The consortium of banks includes The Bank of Nova Scotia as agent, The Boatmen's National Bank of St. Louis, Chemical Bank, Continental Bank, Credit Suisse, The Dai-Ichi Kangyo Bank, The First National Bank of Chicago, Mercantile Bank of St. Louis, NationsBank, Union Bank of Switzerland, and Wachovia Bank.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"