Delia’s Extends Credit Facility, Files for 10-K Extension

Cataloger/retailer Delia’s (Nasdaq: DLIA) has completed an amendment of its loan with Wells Fargo Retail Finance II. The amendment provides for a three-year $20 million secured credit facility. Despite the Wells Fargo amendment, however, the marketer of teen girls’ apparel says it must continue to pursue other financing alternatives, such as with with third-party investors, to raise additional equity capital and refinance a $2.9 million mortgage for its Hanover, PA, distribution facility.

Because it is still seeking financing, the New York-based company is filing for an extension of its 10-K filing with the Securities and Exchange Commission. Its deadline for filing its annual report is May 2.