At Home Group amended its existing senior secured term loan facility with Bank of America as both administrative and collateral agent. The amendment increases the borrowings by $50 million, bringing the total loan amount to $339.5 million.
According to the related 8-K filing, voluntary prepayments of the term loans are permitted at any time, in certain minimum principal amounts, without premium or penalty, subject to a 1.00% premium payable in connection with certain repricing transactions within the first six months after the date of this amendment.
Net proceeds from the loans were used to repay approximately $49.6 million of borrowings under the company’s senior secured asset-based revolving credit facility.
At Home Group is a home decor superstore focused on providing a range of assortment of products for any room, in any style, for any budget. It currently runs 115 format stores across 29 states and 65 markets.
