CORTE MADERA, Calif.--(BUSINESS WIRE)--Dec. 1, 2014--
Restoration Hardware Holdings, Inc. (NYSE:RH) today 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
Further details regarding the amended facility are available in the
Current Report on Form 8-K which the Company filed with the SEC today.
Source: Restoration Hardware Holdings, Inc.
Restoration Hardware Holdings, Inc.
VP, Investor Relations