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Hastings Entertainment Amends its Credit Facility

8 Jan, 2013 By: Erik Gruenwedel

Hastings Entertainment entered into a second amendment to its $115 million credit facility with Bank of America — extending the maturity date of the loan agreement from July 22, 2014, to Jan. 4, 2017.

Amarillo, Texas-based Hastings operates 138 retail stores in the southwest catering to packaged media sellthrough, rental, consumer electronics, books and trends.

For the extension, Hastings agreed to pay Bank of America a fee of $325,000.

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