- 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
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From other sites
at Benzinga.com (Jan 13, 2015)
at Benzinga.com (Jan 9, 2015)
at MarketWatch.com (Jan 9, 2015)
at CNBC.com (Jan 9, 2015)
at Investor's Business Daily (Jan 8, 2015)
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