Haverty Furniture increases revolver to $80 million, extends maturity

By Marisa Wong

Los Angeles, Oct. 27 – Haverty Furniture Cos., Inc. and its wholly owned subsidiary entered into a fourth amendment on Oct. 24 to the amended and restated credit agreement dated Sept. 21, 2011 with Truist Bank as issuing bank and administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increases the revolving loan commitments to $80 million from $60 million and extends the maturity date of the credit agreement to Oct. 24, 2027.

In addition, the amendment replaces Libor with SOFR as the interest rate benchmark.

The retail furniture company is based in Atlanta.

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