Tile Shop amends credit agreement in order to make dividend payments

By Marisa Wong

Morgantown, W.Va., Feb. 14 – Tile Shop Holdings, Inc. entered into on Feb. 10 a second amendment to its credit agreement dated June 2, 2015 with Fifth Third Bank, Bank of America, NA and Huntington National Bank, according to an 8-K filing with the Securities and Exchange Commission.

The amendment allows the company to declare and make dividend payments or other distributions to its stockholders.

Previously, the company amended its credit agreement on Dec. 9 to be able to enter into an additional new markets tax credit financing in connection with its Oklahoma distribution center. This tax credit financing closed in December.

Tile Shop is a Plymouth, Minn.-based specialty retailer of manufactured and natural stone tiles and setting and maintenance materials.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.