SYMBOL: HIS (TSXV)
LAVAL, QC, July 19, 2013 /CNW Telbec/ - Hart Stores Inc. (TSXV: HIS) is
pleased to announce that it has entered into a new revolving credit
facility with PNC Bank Canada Branch providing for a maximum financing
of $30 million. This new asset-based revolving credit facility will
replace the Company's existing banking arrangement and will provide for
enhanced financing terms and conditions.
About Hart Stores Inc.:
Hart Stores Inc. operates a network of 60 mid-sized department stores
located in secondary and tertiary markets in Eastern Canada, where the
Company has established a dominant position in many of the communities
that it serves. The stores offer an extensive and differentiated
selection of national and exclusive fashion apparel brands as well as
family footwear, home furnishings, electronics, appliances, giftware,
toys and seasonal goods.
SOURCE: HART STORES INC.
For further information:
Mr. Robert Farah
President and COO