Daily News: November 30, 2018

BofA Agents $50MM Amendment on At Home Group Term Loan

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.