PNC to Provide $98MM DIP to Heritage Home Group

Heritage Home Group, a furniture group created following the 2013 bankruptcies of iconic brands Thomasville, Broyhill and Lane, has filed Chapter 11 and has already found buyers for its assets. PNC Bank has agreed to provide $98 million DIP financing.

Furniture Today: Furniture Brands Closes 14 More Thomasville Stores

Furniture Today reported that Bankrupt Furniture Brands plans to close another 14 corporately owned Thomasville stores in the next 60 days, according an email sent to company personnel from the division’s president.