By  on November 14, 2013

Tandy Brands Accessories Inc. is confronting a credit crunch with its senior lender after a typhoon in China last month delayed shipments.

As it reported a lower loss in the quarter ended Sept. 30 on Thursday, Tandy said that its gift product deliveries for holiday had been impeded first by the late closing of its new credit facilities with senior lender Salus Capital Partners and junior lender King Trade Capital and later by the damage caused to Chinese production facilities by Typhoon Fitow in early October.

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