Frederick’s of Hollywood Secures $2M in Financing

NEW YORK--(BUSINESS WIRE)-- Frederick’s of Hollywood Group Inc. (NYSE Amex: FOH) (“Company”) today announced that it has amended its senior revolving credit facility with Wells Fargo Retail Finance II, LLC, as lender, arranger and agent, to provide for a $2.0 million bridge facility at an annual interest rate equal to LIBOR (currently 0.2463%) plus 10%, which is to be repaid upon the earlier of December 7, 2009 and the consummation of an equity capital financing in which the Company receives net proceeds in excess of $4.9 million.