Spartan Increases Credit Line

Spartan Stores has reached an agreement to increase its maximum credit availability under its existing facility, the retailer said in a government filing Wednesday.

GRAND RAPIDS, Mich. — Spartan Stores has reached an agreement to increase its maximum credit availability under its existing facility, the retailer here said in a government filing Wednesday. The agreement increases the maximum credit from $225 million to $255 million, an increase of 8%. Wachovia Capital Finance is the lead agent for the lenders, which in connection with the increase now includes Wells Fargo, Spartan said.

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