2018 Press Releases

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02/01/18Destination Maternity Strengthens Balance Sheet
- Secures 5-year $25 million term loan to repay existing term loan - - Extends Wells Fargo revolving credit agreement - MOORESTOWN, N.J., Feb. 1, 2018 /PRNewswire/ -- Destination Maternity (NASDAQ: DEST) announced today that it has taken significant steps to strengthen its balance sheet and enhance its financial capacity and flexibility.  The Company has entered into a new five-year $25 million senior secured term loan facility with Pathlight Capital LLC and Wells Fargo Bank, N.A.  The new... 
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01/03/18Destination Maternity Updates on CEO Transition Plan
- Independent Director Melissa Payner-Gregor to serve as Interim CEO - MOORESTOWN, N.J., Jan. 3, 2018 /PRNewswire/ -- Destination Maternity (NASDAQ: DEST) announced today the appointment of Melissa Payner-Gregor, an independent director of the Company, as Interim Chief Executive Officer, effective immediately.  Ms. Payner-Gregor is succeeding Allen Weinstein, who had been serving in the role since September 2017.  Mr. Weinstein has decided to retire from the Board for personal reasons, also e... 
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