{"id":4350,"date":"2014-07-04T08:14:49","date_gmt":"2014-07-04T02:44:49","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2014\/07\/04\/furniture-brands-receives-600m-credit-facility\/"},"modified":"2014-07-04T08:14:49","modified_gmt":"2014-07-04T02:44:49","slug":"furniture-brands-receives-600m-credit-facility","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/furniture-brands-receives-600m-credit-facility\/","title":{"rendered":"Furniture Brands receives $600M credit facility"},"content":{"rendered":"<p>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.<\/p>\n<p>Furniture Brands entered the agreement with J.P. Morgan Securities Inc. and JPMorgan Chase Bank NA., according to a Securities and Exchange Commission filing.<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nThe 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.<\/p>\n<p>The proceeds of the proposed credit facility would help repay notes.<\/p>\n<p>St. Louis-based Furniture Brands International Inc. (NYSE: FBN &#8211; News) manufactures furniture under the Thomasville, Henredon, Drexel Heritage, Maitland-Smith, Broyhill and Lane brands.<\/p>\n<p>Published July 3, 2014 by the St. Louis Business Journal<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4350","post","type-post","status-publish","format-standard","hentry","category-furniture-indonesia-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=4350"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4350\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=4350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=4350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=4350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}