By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Ultimate Electronics has obtained a $13 million secured term loan and has entered into a fourth amended and restated credit and security agreement, to provide for new financing and to amend the specialty retailer's financial covenants. Funds will be available for general working capital purposes. Looking to use the financing for additional flexibility to effectuate its turnaround efforts, Ultimate said the fourth amended and restated credit facility includes $100 million of revolving credit borrowings, subject to borrowing base limitations, and a $13 million term loan.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.