Cost Plus gets $200 million credit facility led by Bank of America

By Sara Rosenberg

New York, Jan. 6 - Cost Plus Inc. closed on a new $200 million five year credit facility, according to a news release.

Bank of America acted as the lead bank on the deal that was completed on Jan. 3. The syndicate also includes Wells Fargo and SunTrust.

There is a $50 million accordion feature.

As of Jan. 5, the company had $17 million in borrowings and $10.3 million in letters of credit outstanding under its asset-based credit facility.

Cost Plus is an Oakland, Calif.-based specialty retailer of casual home living and entertaining products.

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