HAMPTON, N.H. -- Timberland Co., the maker of footwear and outdoor accessories, said it has entered into a three-year, $100 million revolving credit agreement with five banks.

Morgan Guaranty Trust Co. led the consortium, whose other members were ABN Amro Bank, First National Bank of Boston, Barclays Bank PLC, and Northern Trust Co. Timberland said the facility replaced a $50 million agreement and will be used for seasonal working capital and general corporate requirements.

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.