Restoration Hardware enters into US$317.5 million restated senior secured revolving credit facilities

Lawyers Kevin J. Morley, Arnold Cohen, Adrienne Glen

On August 3, 2011, Restoration Hardware, Inc. and Restoration Hardware Canada, Inc. (collectively, “Restoration Hardware”) entered into a restated credit agreement with regard to senior secured revolving credit facilities in an amount of US$317.5 million made available by Bank of America, N.A. (“BofA”), as administrative and collateral agent, with a syndicate of lenders. The proceeds of the credit facilities were used by Restoration Hardware for working capital purposes and to repay certain existing indebtedness.

Restoration Hardware is a purveyor of premium home furnishings from over 100 retail and outlet stores across the United States and Canada.

Bank of America, N.A. was represented in Canada by Norton Rose OR LLP, with a team comprised of Kevin J. Morley, Arnold Cohen and Adrienne Glen.