Harry Winston Diamond Corporation Announces Additional US$40
Million to its Recently Refinanced Luxury Brand Credit Facility
TORONTO, Nov. 7, 2012 /PRNewswire/ - Harry Winston Diamond
Corporation (TSX: HW, NYSE: HWD) (the "Company"), is pleased to
announce that the Company's luxury brand subsidiary, Harry Winston
Inc., has completed the syndication of its existing senior secured
revolving credit facility by adding an additional US$40 million to its recently completed
US$260 million secured five year
credit agreement. The amended facility of US$300 million has no scheduled repayments
required prior to the maturity date, which remains August 30, 2017. There were no changes to
the existing credit agreement covenants, interest rates, borrowing
base or maturity date.
About Harry Winston Diamond
Corporation
Harry Winston Diamond Corporation is a
diamond enterprise with premium assets in the mining and retail
segments of the diamond industry. Harry
Winston supplies rough diamonds to the global market from
its 40 percent ownership interest in the Diavik Diamond Mine.
The Company's luxury brand segment is a premier diamond jeweler and
luxury timepiece retailer with salons in key locations, including
New York, Paris, London, Beijing, Shanghai, Hong
Kong, Singapore,
Tokyo and Beverly Hills.
The Company focuses on the two most
profitable segments of the diamond industry, mining and retail, in
which its expertise creates shareholder value. This unique business
model provides key competitive advantages; rough diamond sales and
polished diamond purchases provide market intelligence that
enhances the Company's overall performance.
For more information, please visit
www.harrywinston.com or for investor information, visit
http://investor.harrywinston.com.
SOURCE Harry Winston Diamond Corporation