Westpoint Stevens Inc.'s recently underwritten $750 million bank credit was reduced by $350 million as a result of a larger-than-expected offering of securities.

A Westpoint spokesman told American Banker on Wednesday that the credit was reduced by $400 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.