Children's clothing company Oshkosh B'Gosh Inc has altered an expiring credit facility and lowered available credit under the agreement to $60 million from $75m, the company said in a regulatory filing.

The company said it extended the unsecured revolving credit facility with US Bank NA and other lenders until 28 April 2008.

According to the filing with the Securities and Exchange Commission, the alteration also 'relaxes slightly' the credit agreement's financial agreement related to ratios of consolidated debt to earnings before interest, taxes, depreciation and amortization.

The filing said that there were no outstanding borrowings on the credit facility at the time of the amendment.

The Wisconsin-based company said it is depending on the credit facility to support its acquisition of inventory under letters of credit.