Ethan Allen to use credit facility to refinance 5 3/8% notes due 2015

By Angela McDaniels

Tacoma, Wash., Oct. 21 – Ethan Allen Interiors Inc. plans to refinance the 5 3/8% senior notes due Oct. 1, 2015 issued by subsidiary Ethan Allen Global, Inc., according to a company news release.

The company will use the proceeds of its amended and restated revolving credit facility. The new credit facility provides for a $100 million revolving credit line and $50 million of term loan availability.

Ethan Allen Interiors is an interior design company and manufacturer and retailer of home furnishings. The company is based in Danbury, Conn.

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