Eddie Bauer makes voluntary loan prepayment
Eddie Bauer Holdings, Inc. (Nasdaq: EBHI), a specialty retailer that sells casual sportswear and accessories, said late Thursday that they have made a voluntary prepayment of $20 million on an existing term loan facility.
After the prepayment, there is a balance of approximately $196 million outstanding on the term loan.
The small cap noted that it is currently in compliance with all financial covenants under the term loan, even without giving effect to the voluntary prepayment.
Shares of Eddie Bauer (EBHI) gained $0.38, or 6.3%, to $6.41 at 10:15 a.m. ET. Shares of Eddie Bauer have been trading in the range of $$5.56 and $14.27 for the past 52 weeks.
