Floor & Decor accordion exercise lifts revolver to $300 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – Floor & Decor exercised the accordion feature of its asset-based revolving credit facility to increase the borrowing capacity by $100 million to $300 million, according to an 8-K filing with the Securities and Exchange Commission.

The increase took effect on Tuesday, on which date the company had no borrowings outstanding under the credit agreement. The additional commitments were provided by Wells Fargo Bank, NA, Bank of America, NA and Regions Bank.

Floor & Decor is an Atlanta-based specialty retailer in the hard surface flooring market.

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