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HSN draws $40 million under revolver
By Sara Rosenberg
New York, Nov. 6 - HSN Inc. borrowed $40 million under its revolving credit facility following the end of the third quarter, according to a news release.
The draw was made due to the current uncertainty in the credit markets and in order to ensure financial flexibility, and if necessary, the funds will be used to support working capital needs.
HSN is a New York-based interactive multi-channel retailer.
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