Restoration Hardware amends credit agreement’s ‘change of control’

By Tali Rackner

Norfolk, Va., Aug. 12 – Restoration Hardware, Inc. and Restoration Hardware Canada, Inc. entered into a first amendment to their 10th amended and restated credit agreement on Wednesday to amend the definition of “change of control,” according to an 8-K filing with the Securities and Exchange Commission.

The definition was altered so that changes in the composition of the board of directors due to actual or threatened proxy solicitations are treated in the same way as other changes in the composition of the board of directors.

Bank of America, NA is the administrative and collateral agent.

Parent company Restoration Hardware Holdings, Inc. is a Corte Madera, Calif.-based specialty retailer.

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