FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

BofA Agents Restoration Hardware’s Expanded Credit Facility

Date: Dec 02, 2014 @ 08:09 AM
Filed Under: Retail

Restoration Hardware Holdings, Inc. announced the amendment and expansion of the company’s existing senior secured revolving credit facility to $600 million with a maturity in November 2019. This facility replaces the company’s $417.5 million revolving credit facility that was scheduled to mature in August 2016. The company’s revolving credit facility is currently undrawn.

Under the amended $600 million facility, the interest rate spread over the LIBOR base rate was reduced by 50 basis points to a range of 1.25% to 1.75%, based on availability under the facility. The amended facility also includes an accordion feature to increase the facility size up to $800 million.

To view the 8K filed recently filed with the SEC, click here. The facility amendment can be viewed here.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.