Brown Jordan to launch $195 million credit facility on Thursday

By Sara Rosenberg

New York, Jan. 10 – Brown Jordan International Inc. is scheduled to hold a bank meeting at 10 a.m. ET in New York on Thursday to launch a $195 million credit facility, according to a market source.

Goldman Sachs and Societe Generale are the leads on the deal.

The facility consists of a $35 million ABL revolver and a $160 million first-lien term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Littlejohn & Co. LLC.

Closing is expected late this month.

Brown Jordan is a St. Augustine, Fla.-based manufacturer of indoor and outdoor furniture.

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