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Christian Dior Said to Seek $700 Million Credit Line Refinancing

Christian Dior SA, the French luxury goods maker, is seeking to replace a 535 million-euro ($700 million) credit line, according to three people with knowledge of the matter.

The company wants to raise a five-year facility to replace the loan it obtained in 2007, said the people, who asked not to be identified because the deal isn’t public. Dior may increase the size of the transaction after it received more commitments than the 500 million euros it first sought, they said.