NEW YORK -- BankAmerica Business Credit is the lead bank on a $300 million syndicated revolving line of credit provided to Ames Department Stores Inc.

Richard W. Madresh, chairman and president of BABC, a subsidiary of the San Franciscobased BankAmerica Corp., said the three-year, asset-based credit facility will be used for working capital and to support up to $100 million in import and standby letters of credit.

Additionally, Ames expects to prepay approximately $70 million in term debt using some proceeds from the new $300 facility.

Co-agents on the deal are General Electric Capital Corp. and Congress Financial Corp.

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