Seeking Alpha

Board additions and new financing for Aeropostale

  • 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.
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