FREMONT, Caiif. - Men's Wearhouse Inc. amended a credit agreement with three banks that Provides for up to $69 million through Nov. 16, 1996.
The agreement is with NationsBank of Charlotte, N.C., acting as agent, Union Bank of Los Angeles, and Wells Fargo Bank, San Francisco.
Men's Wearhouse said the agreement Provides $55 million for general corporate purposes, $9 million for equipment financing, and $5 million for real Property financing.
Amounts outstanding under the $55 million agreement must be repaid by Nov. 16, 1996.
Amounts outstanding under the equipment facility may be converted to a term loan on Nov. 16, 1995, and repaid on a three-year amortization schedule.
The real properly facility may be converted on May 16, 1995, to a term loan amortized over 12 years, with a balloon payment due at the end of five years from the conversion date.