dELiA*s, Inc. Announces New Credit Facilities
NEW YORK -- June 17, 2013
dELiA*s, Inc. (NASDAQ: DLIA), a multi-channel retail company primarily
marketing to teenage girls, today announced that it has entered into a new,
four year, $30 million revolving credit facility with Salus Capital Partners,
LLC. The new facility replaces the Company’s prior $25 million revolving
credit facility with GE Capital, Corporate Retail Finance.
dELiA*s also announced it has entered into a $15 million dollar letter of
credit facility with GE Capital, Corporate Retail Finance. This letter of
credit facility includes a cash collateral requirement to support outstanding
letters of credit issued from time to time under the facility.
Tracy Gardner, Chief Executive Officer, commented, “We are pleased to have
entered into this new agreement with Salus Capital and to continue our
relationship with GE Capital. These new facilities, combined with the sale of
Alloy, will improve our financial flexibility as we continue to transition our
About dELiA*s, Inc.
dELiA*s, Inc. is a multi-channel retail company primarily marketing to teenage
girls. It generates revenue by selling apparel, accessories and footwear to
consumers through its website, direct mail catalogs, and mall-based retail
This announcement may contain forward-looking statements made in reliance upon
the safe harbor provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding our expectations and beliefs regarding our
future results or performance. Because these statements apply to future
events, they are subject to risks and uncertainties. When used in this
announcement, the words “anticipate”, “believe”, “estimate”, “expect”,
“expectation”, “should”, “would”, “project”, “plan”, “predict”, “intend” and
similar expressions are intended to identify such forward-looking statements.
Our actual results could differ materially from those projected in the
forward-looking statements. Additionally, you should not consider past results
to be an indication of our future performance. For a discussion of risk
factors that may affect our results, see the “Risk Factors That May Affect
Future Results” section of our filings with the Securities and Exchange
Commission, including our annual report on Form 10-K and quarterly reports on
Form 10-Q. We do not intend to update any of the forward-looking statements
after the date of this announcement to conform these statements to actual
results, to changes in management's expectations or otherwise, except as may
be required by law.
David Dick, 212-590-6200
Chief Financial Officer
Jean Fontana, 646-277-1214
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