Duluth Holdings Secures Temporary $25 Million Increase in Revolving Credit Facility with BMO Bank and Lenders
Reuters
Oct 03
Duluth Holdings Secures Temporary $25 Million Increase in Revolving Credit Facility with BMO Bank and Lenders
Duluth Holdings Inc. announced that it has entered into a second amendment to its existing credit agreement with BMO Bank N.A. and a consortium of lenders. Effective October 1, 2025, the amendment temporarily increases Duluth Holdings' revolving credit commitment from $100 million to $125 million through March 31, 2026. After that date, the commitment will revert to $100 million. The agreement also allows the company to request an additional $25 million increase in the revolving credit commitment after March 31, 2026, subject to lender approval and certain conditions. The amendment aims to provide Duluth Holdings with greater financial flexibility for its ongoing business operations.
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