- 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.
Board additions and new financing for Aeropostale
From other sites
Video at CNBC.com (May 22, 2015)
at CNBC.com (May 21, 2015)
at CNBC.com (Mar 12, 2015)
at CNBC.com (Jan 9, 2015)
at CNBC.com (Jan 8, 2015)
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