Warrendale, Pa. — A new deal with Bank of America, N.A. and Tiger Finance has allowed specialty retailer rue21 (r21 Holdings, Inc.) to strengthen its financial position and enabled it to refinance its existing term loan, increase available liquidity and lower its cost of capital. rue21 amended its asset-based credit facility to increase availability to $155 million due 2025 led by Bank of America, N.A. The new capital structure will allow it to accelerate strategic growth initiatives, including omni-channel enhancements to create more engaging customer experiences. “Today is an exciting …
michele pascoe
Warrendale, Pa. — r21 Holdings, Inc. (rue21) has appointed Laurie Van Brunt president and chief executive officer, effective June 25, 2018. Also, Michele Pascoe has been named senior vice president and chief financial officer, and Stephen Sommers has been named senior vice president and chief marketing officer.