Furniture Brands International Inc. said in a regulatory filing Tuesday that it entered into a commitment letter June 22 for a proposed senior revolving credit facility for $600 million.

Furniture Brands entered the agreement with J.P. Morgan Securities Inc. and JPMorgan Chase Bank NA., according to a Securities and Exchange Commission filing.


The firm was granted a waiver June 29 to gain relief from being out of compliance with two other financial covenants, according to a SEC filing.

The proceeds of the proposed credit facility would help repay notes.

St. Louis-based Furniture Brands International Inc. (NYSE: FBN – News) manufactures furniture under the Thomasville, Henredon, Drexel Heritage, Maitland-Smith, Broyhill and Lane brands.

Published July 3, 2014 by the St. Louis Business Journal