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Fragrance company's $225M in credit

Perfumania Holdings Inc. completed its merger with Parlux

Perfumania Holdings Inc. completed its merger with Parlux Fragrances Inc. in April, issuing about six million shares of Perfumania's common stock and paying $62.1 million in cash to Parlux shareholders. Above, a Parfumania outlet store. Credit: Joseph Sullivan

Perfumania Holdings Inc., a Bellport-based fragrance retailer, has secured a new $225 million revolving credit line.

It will use the credit to refinance an expiring credit line, for working capital and for general corporate reasons. The senior secured revolving credit was obtained through a syndicate of banks and will be administered by Wells Fargo Bank.

Perfumania says it is the nation's largest discount fragrance retailer, with 370 stores.
Its Long Island stores are at The Arches in Deer Park, the Tanger outlets in Riverhead (shown above),  the Sunrise Mall in Massapequa and the Green Acres Mall in Valley Stream.

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