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Plus-Size Retailer Avenue Stores Completes Strategic Recapitalization

Women’s plus-size specialty chain Avenue Stores LLC has completed a strategic recapitalization that includes a new revolving credit facility and new capital from owner Versa Capital Management. The new revolving credit facility was provided by PNC Bank, N.A., and retires the chain’s existing term loan. The company said the line will fund “ongoing liquidity and…

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