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Published on 1/10/2011 in the Prospect News Bank Loan Daily.

Perfumania gets $225 million revolver via Wells Fargo and BofA

By Sara Rosenberg

New York, Jan. 10 - Perfumania Holdings Inc. closed on a new $225 million four-year senior secured revolving credit facility, according to a news release.

Wells Fargo and Bank of America acted as the joint lead arrangers and bookrunners on the deal, with Wells Fargo the administrative agent.

Proceeds were used to refinance the company's existing senior credit facility, which was due to expire in August 2011, and are available for working capital and other general corporate purposes.

Perfumania is a Bellport, N.Y.-based fragrances company.


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