Hartmarx to obtain an extra $10 million by June 30 under senior credit facility

By Sara Rosenberg

New York, May 13 - Hartmarx Corp. fulfilled necessary requirements in order to obtain an additional $10 million of liquidity proceeds by June 30 under its senior credit facility, a company press release said.

Currently, the company's revolver provides for a maximum of $200 million in available borrowings, which includes a $50 million letter of credit sub-facility, according to a filing with the Securities and Exchange Commission. The revolver matures in June 2003.

Hartmarx, headquartered in Chicago, Ill., is a producer and marketer of business, casual and golf apparel products.

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