Restoration Hardware extends loan waiver that keeps facility in place following buyout

By Sara Rosenberg

New York, Jan. 24 - Restoration Hardware Inc. extended the waiver under its credit facility that allows it to remain in place following the company's buyout by Catterton Partners, according to an 8-K filed with the Securities and Exchange Commission Thursday.

The waiver termination date is now June 30.

Bank of America is the agent on the credit facility, with CIT Group/Business Credit, Inc. and Wells Fargo Retail Finance, LLC involved as lenders.

Catterton, along with Gary Friedman, Restoration Hardware's chairman, president and chief executive officer, will purchase the company for $4.50 per share in cash.

Restoration Hardware is a Corte Madera, Calif.-based retailer of home furnishings, bath fixtures and bathware, functional and decorative hardware, gifts and related merchandise.

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