Linens 'n Things Finds a Fresh Financing Deal.

The article reports on the credit agreement that home retailer Linens 'n Things has entered into with GE Capital Markets Inc. This replaced an existing $700 million facility with affiliates of UBS Securities LLC. The new credit agreement provides for an improved borrowing base on inventory and receivables, as well as the elimination of financial covenants, which are financial thresholds that must be met to maintain a loan.