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TULTEX CORPORATION CLOSES $225 MILLION REVOLVER

 MARTINSVILLE, Va., Oct. 12 /PRNewswire/ -- Tultex Corporation (NYSE: TTX) announced today that it has closed a two-year $225 million revolving credit facility agented by NationsBank. The facility replaces the company's previous short-term credit lines to support working capital and future growth. The facility will provide for a two-year maturity with three annual options to renew.
 Commitments were obtained from the company's various relationship banks including NationsBank as agent, First Union and Corestates as co- agents. Other participants were Signet Bank, Fleet Bank, Crestar Bank, First National Bank of Maryland, National City Bank, INB National Bank, Bank of Tokyo, Sanwa Bank and Bank Hapoalim.
 Tultex, a vertically integrated manufacturer and marketer of activewear and licensed sports apparel, sells many of its products under the brand names of Tultex(R), Discus Athletic(R), Logo 7(R) and Logo Athletic(R) brand names. The company operates manufacturing plants in Virginia, North Carolina, Indiana, Massachusetts and Jamaica.
 -0- 10/12/93
 /CONTACT: Kathy Rogers of Tultex, 703-632-2961, ext. 3830/
 (TTX)


CO: Tultex Corporation ST: Virginia IN: REA SU:

IH-DC -- DC018 -- 1193 10/12/93 14:32 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
Words:183
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