Garden Ridge sets Monday launch for $330 million credit facility

By Sara Rosenberg

New York, Aug. 3 - Garden Ridge has scheduled a bank meeting for Monday to launch its proposed $330 million credit facility, according to a market source.

Bank of America Merrill Lynch and UBS Securities LLC are the lead banks on the deal.

As was previously reported, the facility consists of an $80 million ABL revolver and a $250 million six-year term loan B.

Proceeds will be used to fund the buyout of the company by AEA Investors LP.

Garden Ridge is a Houston-based seller of mattresses, ready-to-assemble furniture, discount apparel and handbags, and books.

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