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Prospect News home > News index > List of issuers D > Headlines for Dixie Group, Inc. > News item |
Dixie opts to reduce revolving facility to $55 million to cut fees
By Jennifer Chiou
New York, July 30 - Dixie Group, Inc. elected on Tuesday to reduce its revolving credit facility to $55 million under its loan and security agreement, according to an 8-K filing with the Securities and Exchange Commission.
The company added that this action was taken to reduce non-use availability fees and adjust the facility to anticipated levels of receivables and inventory.
Bank of America, NA is the agent.
Dixie is a Chattanooga, Tenn.-based manufacturer, marketer and seller of carpets and rugs to residential and commercial customers.
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