rue21 (r21 Holdings Inc.) announced that its strong financial position has enabled it to refinance its existing term loan, increase available liquidity and lower its cost of capital. rue21 amended its asset based credit facility to increase availability to $155 million due 2025 led by Bank of America, N.A. The amendment includes an increase to the FILO loan through a joint partnership with Bank of America and Tiger Finance. As of December 16, 2020, total liquidity exceeds $100 million. The new capital structure will allow it to accelerate strategic growth initiatives, including omni-channel enhancements to create more engaging customer experiences.