DESIGNER HOLDINGS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : DESIGNER HOLDINGS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Collins who wrote (26)	4/29/1997 3:17:00 PM
From: Michael Berkowitz	of 86

This bit of confidence in the form of a credit line to be used over the next 5 years should help to see the rise in the price.... Tuesday April 29 12:13 PM EDT Designer Holdings Ltd gets $200 mln credit line NEW YORK, April 29 (Reuter) - Designer Holdings Ltd, which reporting lower first quarter earnings Tuesday, said it had received a commitment from NationsBank Corp for a $200 million revolving credit facility. The Calvin Klein licensee said the facliity is designed to lower interest costs and provide a funding basket of $150 million over five years that could be used for acquisitions. For the first quarter, the company incurred interest expense of $778,000, just 0.6 percent of the period's net sales of $122.5 million. Net sales were $114.6 million a year ago. Gross margin for the quarter was $46.98 million or 38.3 percent of net sales, which compares with $43.8 million and 38.2 percent a year ago. "Our business is built upon a healthy balance sheet and growing margins," said Arnold Simon, president and chief executive officer. He reiterated the company was seeking new ways to increase its Calvin Klein business while pursuing new acquisitions and licensing opportunities.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next