Cache Announces New Credit Facility Of $30M To Replace Prior Facility Of $25M

Cache, Inc., CACH, a U.S. based multi-channel specialty retailer of women's apparel and accessories, today announced that it has entered into a new, three year, $30 million revolving credit facility with Salus Capital Partners, LLC. The new facility replaces the Company's existing $25 million revolving credit facility with Wells Fargo Bank, National Association. Jay Margolis, Chairman and Chief Executive Officer, commented: “We are pleased to have secured this new credit facility with Salus Capital, which improves our financial flexibility as we continue to implement our turnaround plan to position Cache for profitable growth.”