Sport Chalet amends, expands existing credit facility

Los Angeles Sport Chalet has amended and expanded its existing credit facility with Bank of America, N.A.

Under the terms of the amended credit agreement, the company’s availability increases by up to an additional $10.0 million until October 1, 2010.

The amendment effectively increases the revolver limit by more than 20% to $55.0 million from Jan. 1, of each year, until Aug. 31, and also allows for seasonal advances up to $75.0 million from Sept. 1 to Dec. 31.