Pacific Brands repays A$15m, extends A$175m facility

Mon, 02 Jul 2012

July 2 (BusinessDesk) - Struggling clothing, footwear and homewares company Pacific Brands said it has extended its A$175 securitisation facility and repaid A$25 million of term debt. The Australia-based company, which owns the Stubbies, Berlei, Bonds, Dunlop and Sheridan brands among others, said the securitisation facility had been due to expire on May 24, 2013 but has now been extended to July 31, 2015. “The repayment of debt reflects continuing strong operating cash flow and follows completion of the sale of the Kingsgrove, New South Wale...

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