ANAHEIM, Calif., Sept. 15, 2005 (PRIMEZONE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today announced that it has entered into a new five-year $200.0 million credit facility with an expanded syndicate of banks. The new credit agreement increased the Company's revolving line of credit to $200.0 million, which can be increased further up to $275.0 million at the option of the Company under certain circumstances. The facility is available for direct borrowings and the issuance of letters of credit.
This credit facility replaces the Company's previous single bank, $50.0 million credit facility, which was scheduled to expire on April 1, 2007.
About Pacific Sunwear of California, Inc.
Pacific Sunwear, operating under two distinct retail concepts, is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. As of August 27, 2005, the Company operated 786 PacSun stores, 91 PacSun Outlet stores and 186 d.e.m.o. stores for a total of 1,063 stores in 50 states and Puerto Rico. The company intends to launch its third concept, One Thousand Steps, in the first half of 2006. PacSun's website address is www.pacsun.com and merchandise carried at d.e.m.o. stores can be found at www.demostores.com.