West 49, the Canadian action sports chain, has obtained the renewal of
its existing credit facilities. The renewal of existing credit
facilities included more accommodating financial covenants.
As such, West 49 said it believes that the company will be in
compliance with these covenants throughout the term of the facility.
The companys next renewal date with its existing bank is scheduled for
June 30, 2010.
As at May 2, the company operated 133 stores in nine provinces, under
the banners West 49, Billabong, Off The Wall, Amnesia/Arsenic, D-Tox
and Dukes Northshore, and operated online at www.boardzone.com.
