MidCap Financial provided a $75 million senior secured credit facility to Dixie Group, Inc. Proceeds from the credit facility were used to refinance the Company’s existing revolving credit facility and will be used to support ongoing working capital needs.

Dixie Group’s business consists principally of marketing, manufacturing and selling floorcovering products to high-end customers through its various sales forces and brands. The Company focuses primarily on the upper end of the floorcovering market where Dixie Group believes it has strong brands and competitive advantages with its style and design capabilities and customer relationships. Dixie Group’s Fabrica, Masland, DH Floors and TRUCOR brands have a significant presence in the high-end residential floorcovering markets. Dixie International sells all of the Company’s brands outside of the North American market.