FRESNO, Calif. -- Gottschalks Inc. said it finalized financing agreements with Wells Fargo Bank and Teachers Insurance and Annuity Association.
The retailer said Wells Fargo and Teachers Insurance will provide it with $85 million of revolving credit through June 30, 1994, and $30 million in term loans due in 1996.
Wells Fargo will increase the store's existing credit facility from $79 million to $104 million, and Gottschalks will restructure terms on $11 million of senior notes held by Teachers. the company said.
