Express, inc. announces $140 million in additional financing to bolster liquidity

Columbus, ohio--(business wire)--fashion apparel retailer express, inc. (nyse: expr) today announced that it has entered into a definitive loan agreement with sycamore partners as lead lender, along with wells fargo and bank of america merrill lynch, that strengthens its liquidity position by an additional $140 million. the new financing includes a $90 million filo term loan with a maturity date of may 24, 2024, and a $50 million delayed draw term loan, to be repaid upon receipt of a cares act
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