ALCO Stores, Inc. announced that Wells Fargo Capital Finance acted as administrative agent on a $125 million senior secured revolver, $5 million real estate term loan and $12.5 million term loan, which ALCO Stores will use for working capital and general corporate purposes. Additionally, Wells Fargo amended an existing ALCO credit agreement from $130 million to $142.5 million.

The benefits of the Amended and Restated Credit Agreement include an extension of the Agreement for five years through 2019, and access to additional availability of approximately $17.5 million. The additional availability will be collateralized by five owned properties (four retail stores and the Company's distribution center) and expanded access to inventory assets.

"Executing this expanded credit facility, which provides flexible financial tools and solutions, is a milestone in our strategic efforts to manage ALCO Stores for enhanced efficiency and profitability," said Wayne Peterson, chief financial officer, ALCO Stores. "We appreciate Wells Fargo and recognize them as an important and longstanding partner to our Company."

"We are pleased to have provided this financing to ALCO Stores so that the retailer can continue to provide quality products and exceptional service to its customers," said James Dore, president of the commercial and retail finance group at Wells Fargo Capital Finance. "ALCO Stores is a longstanding client of Wells Fargo Capital Finance, and we look forward to supporting the company as it continues to grow."

Founded in 1901, ALCO Stores, Inc. is a broad-line retailer, primarily located in small underserved communities across 23 states. The Company has 198 stores that offer both name brand and private label products of exceptional quality at reasonable prices.