{"id":4364,"date":"2014-07-06T08:21:27","date_gmt":"2014-07-06T02:51:27","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2014\/07\/06\/fbi-obtains-600-million-credit-line\/"},"modified":"2014-07-06T08:21:27","modified_gmt":"2014-07-06T02:51:27","slug":"fbi-obtains-600-million-credit-line","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/fbi-obtains-600-million-credit-line\/","title":{"rendered":"FBI obtains $600 million credit line"},"content":{"rendered":"<p>&#8212; Furniture Today,<br \/>\nWill be used in part to refinance exiting debt<br \/>\n\u00c2\u00a0<br \/>\nST. LOUIS \u00e2\u20ac\u201d Furniture Brands International has obtained a $600 million revolving credit facility and has received a waiver on compliance with other financial covenants, the manufacturer and importer said in a regulatory filing Tuesday.<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nFurniture Brands said it entered into a commitment letter with J.P. Morgan Securities and J.P. Morgan Chase Bank for the new revolving credit facility. It will be used in part to refinance the company\u00e2\u20ac\u2122s existing revolving credit facility.<\/p>\n<p>\u00c2\u00a0As a condition of obtaining relief from covenants on other debt, the company said it will pay an estimated $164.7 million in principal and accrued interest on certain notes.<\/p>\n<p>\u00c2\u00a0The company had faced a June 30 deadline for compliance with the debt covenants, which required certain ratios of earnings to debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8212; Furniture Today, Will be used in part to refinance exiting debt \u00c2\u00a0 ST. LOUIS \u00e2\u20ac\u201d Furniture Brands International has obtained a $600 million revolving credit facility and has received a waiver on compliance with other financial covenants, the manufacturer and importer said in a regulatory filing Tuesday.<\/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-4364","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\/4364","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=4364"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4364\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=4364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=4364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=4364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}