NEW YORK -- Galey & Lord Inc., a textile company, announced that it has refinanced a bank term loan and revolving line of credit.

The new agreements with CIT Group/Business Credit Inc. and Bank of New York Commercial Corp. provide for a five-year revolving line of credit of up to $63 million and a five-year term loan of $36.5 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.