Kirkland’s has amended and extended its $75 million senior secured credit facility with Bank of America.
The $75 million credit facility, with a maturity date of December 2024, replaces the previous facility that was set to mature in February 2021. The structure and terms of the credit facility are substantially the same as the previous facility, the company said.
Nicole Strain, Kirkland’s evp/chief financial officer, said, “We look forward to our continued partnership with Bank of America and are pleased to have secured this financing for another five years. We have repaid all outstanding borrowings and do not expect any additional needs for the remainder of fiscal 2019, which sets us up with a strong liquidity position heading into 2020.”