Leading fashion firm Tommy Hilfiger Corp on Wednesday announced that its wholly-owned subsidiary Tommy Hilfiger USA Inc secured a $300 million credit line for the three-year period ending July 1, 2005.

The facility, which is guaranteed by Tommy Hilfiger Corporation, was syndicated to a group of 12 banks and will primarily be used for trade financing and other general corporate purposes. It replaces a $250m revolving credit line in place since 1998.