USA: Polo Ralph Lauren Eyes New $300m Credit Line
Clothing designer and retailer Polo Ralph Lauren Corp expects to secure a three-year $300 million credit line to replace its two credit lines totalling $325m before the end of the month, it was revealed on Monday.
The firm said the proposed new credit line is subject to increase to $375m and it hopes to sign the new credit line agreement in the next couple of weeks, according to a document filed with the SEC.
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