Birks & Mayors amends, moving borrowings from Mayor's Jewelers in exchange for equity

By Sara Rosenberg

New York, June 27 - Birks & Mayors Inc. amended its credit facility, allowing it to shift up to C$45 million in borrowings from Mayor's Jewelers, Inc. to itself through an equity cash contribution to Mayor's, according to a 6-K filed with the Securities and Exchange Commission Wednesday.

The amendment was completed on June 18.

Bank of America is the agent on the deal.

Birks & Mayors is a designer, developer, manufacturer and retailer of fine jewelry, time pieces, sterling silver and gifts.

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