CLIFTON, N.J. -- Biscayne Apparel Inc. said it has completed a $32 million credit line, with Chase Manhattan Bank and National Westminster Bank joining with the company's longstanding primary institution, Chemical Bank.
The facility replaces a credit line of $23.4 million in place for three years.
Proceeds will be used for seasonal working capital needs and general corporate purposes, said Peter Vandenberg Jr., chief financial officer of the apparel company. The briefs were compiled from staff and wire reports.