Guess?, Inc. Announces Expanded $150 Million North American Credit Facility With Sustainability-Linked Component

Dec 22, 2022

Guess?, Inc. (NYSE:GES, Financial) today announced that it has expanded its access to capital in North America. The Company has entered into a $150 million senior secured asset-based revolving credit facility with a term of five years. This facility amends and extends its existing $120 million North American credit facility. The amended facility has an option to further expand its total amount by up to $150 million, subject to certain conditions. Just as with its new European credit facility that was established earlier this year, the new North American credit facility will include annual interest rate and fee adjustments based on the Company’s achievement of certain sustainability goals in its operating and manufacturing processes.

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