Elizabeth Arden loan amendment extends maturity, lowers rates

By Sara Rosenberg

New York, Oct. 4 - Elizabeth Arden Inc. amended its credit facility, extending the maturity date to June 30, 2009, reducing the interest rates and commitment fees based on the debt service pricing ratio and enhancing the inventory component of the borrowing base, according to an 8-K filed with the Securities and Exchange Commission Monday.

JPMorgan Chase Bank is the administrative agent on the facility.

The amendment went into effect Friday.

Elizabeth Arden is a Miami Lakes, Fla.-based fragrance and beauty products company.

Applicable margin and commitment fee

Debt service pricing ratio Libor loans Commitment fee

Greater than 3.50-to-1.00 150 25

Less than or equal to 3.50-to-1.0 but greater than 2.75-to-1.00 175 30

Less than or equal to 2.75-to-1.00 but greater than 1.75-to-1.00 200 37.5

Less than or equal to 1.75-to-1.00 225 37.5

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