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
$800 million.
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.
Cammeron McLaughlin,
415-945-4998
VP, Investor Relations
cmclaughlin@rh.com
