Board additions and new financing for Aeropostale

|By:, SA News Editor

Aeropostale (ARO +7.6%) lines up a $150M credit facility with affiliates of P-E firm Sycamore Partners.

Sycamore already owns close to 8% of the retailer and has convertible preferred stock which could give it another 5% block of shares.

There are also board changes at Aeropostale with former chief executive Julian Geiger and Sycamore Managing Director Stefan Kaluzny jumping on.