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Article Date: August 2017
Word Count: 95

Cherokee Amends Credit Facility, Issues Stock

Cherokee Global Brands negotiated changes in the financial covenants for its senior secured credit facility with Cerberus to resolve some issues that were caused by the financial integration of the Hi-Tec acquisition. There is currently $49.2 million of principal outstanding on the facility. In addition to adjusting ... Log in to view full article.


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