09:24 AM EDT, 07/01/2024 (MT Newswires) -- Guess? (GES) said Monday it has increased the borrowing capacity under its European revolving credit facility to 350 million euros ($376.4 million) from 250 million euros.

Maintained through the company's Swiss unit, the facility has a remaining term of about three years, the company said.

The facility's interest rate remains subject to an annual adjustment based on the achievement of certain sustainability goals that aim to cut greenhouse gas emissions, according to the company.

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