USA: Beaulieu secures $230,000,000 in loan refinancing

USA: Beaulieu secures $230,000,000 in loan refinancing

DALTON GA, October 20, 2011 – Company officials at Beaulieu of America were pleased to announce today the securing of $230,000,000 in loan refinancing. Ralph Boe, president and CEO of Beaulieu of America, said in making the announcement “We are now poised for continued growth in the current marketplace. And as the largest privately-held carpet manufacturer in the U.S., Beaulieu will continue to focus on the needs of its customers to be the ‘supplier of choice’.”

Led by Bank of America, N.A. and Wells Fargo Capital Finance, LLC and also including PNC Bank, N.A., the new loan refinances Beaulieu’s existing loan agreement and provides additional liquidity for continued expansion.  “We appreciate the efforts our lead banks for their continued financial support and partnership with our company,” said Mr. Boe.

About Beaulieu of America:

Beaulieu of America is the world's largest carpet-only manufacturer focused exclusively on making carpet for residential, commercial, and specialty markets.  It is headquartered in Dalton, Georgia with $1.0 billion in sales and over 5,000 of the industry's best and most dedicated employees. It designs, manufactures and markets BLISS carpet for residential replacement, BOLYU carpet for specified commercial, AQUA carpet for the hospitality industry and Armstrong FASHIONSMART carpet for new home construction.

Largest carpet-only producer in the world based in Dalton, GA. Produces carpets with Magic Fresh odor reduction and other innovative, solutions-oriented products. It markets residential replacement, commercial, property management and new home carpets.

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Added: October 20, 2011 Source:
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