Pacific Sunwear of California said yesterday that it has received $160 million in financing and plans to shut as many as 24 percent of its stores as the teen-apparel retailer works to return to profitability.

The financing consists of a $100 million revolving credit facility from Wells Fargo and a $60 million senior secured term loan from Golden Gate Capital, the Anaheim, Calif.- based retailer said in a statement.

CEO Gary Schoenfeld will shut the 175 to 200 stores in the next 14 months as the retailer tries to snap a string of 13 straight quarterly losses.

In addition to shuttering poor performing locations, PacSun has been haggling with landlords for lower rents.

The company yesterday reported its third-quarter net loss widened to $17.6 million from $6.96 million a year earlier.

On Nov. 28, The Post reported exclusively that PacSun recently hired Los Angeles investment bank Guggenheim Partners to help it raise cash as it fends off brutal competition from teen retailers ranging from Abercrombie & Fitch to Aeropostale.

Another problem for PacSun is that it has lost street cred with the surfers and skaters it originally courted in its growth phase.

Younger, fast-growing brands including Zumiez have stolen market share partly because, unlike PacSun, they sell surfboards and skateboards in addition to clothing.

PacSun rose 28 percent to $1.73. The shares have declined 75 percent year to date.

Golden Gate, based in San Francisco, has previously invested in or made loans to Zale Corp., California Pizza Kitchen and Eddie Bauer Holdings.