July 24, 2014 9:59 AM ET

Specialty Retail

Company Overview of Moores The Suit People, Inc.

Company Overview

Moores The Suit People, Inc., doing business as Moores Clothing for Men and Moores Vetements Pour Hommes, operates as a menswear retailer. It offers suits, sport coats, dress pants, casual pants, dress shirts, jackets, dress casual, weekend casual, ties, sports wear, outer wear, foot wear, and accessories. The company was founded in 1980 and is based in Etobicoke, Canada. Moores The Suit People, Inc. operates as a subsidiary of Moores Retail Group Inc.

129 Carlingview Drive

Etobicoke, ON M9W 5E7

Canada

Founded in 1980

Phone:

416-798-8082

Fax:

416-798-4662

Key Executives for Moores The Suit People, Inc.

Founder and Chief Executive Officer
Age: 65
Compensation as of Fiscal Year 2014.

Moores The Suit People, Inc. Key Developments

The Men's Wearhouse, Inc., Moores The Suit People, Inc., and MWUK Holding Company Limited Enter into a Third Amended and Restated Credit Agreement

On April 12, 2013, The Men's Wearhouse, Inc., Moores The Suit People, Inc., and MWUK Holding Company Limited entered into a Third Amended and Restated Credit Agreement, with a group of banks. The Credit Agreement amends and restates the company's existing credit facility. The company intends to use the Credit Agreement for general corporate purposes. The Credit Agreement provides the company with a $300.0 million senior revolving credit facility, with possible future increases to $450 million under an expansion feature. In addition, the Credit Agreement provides for a $100 million term loan, available in a single advance during the period of 120 days after the closing date. If drawn, the term loan will be repaid over five years, with 10% payable annually in quarterly installments and the remainder due at maturity. The Credit Agreement matures on April 12, 2018. The Credit Agreement is secured by equity interests of certain of the company's subsidiaries and intercompany debt payable to the company and certain of the company's subsidiaries. Borrowings by the company are guaranteed by certain of its U.S. subsidiaries. Borrowings by MSP and MWUK are guaranteed by the company.

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