Container Store draws $50 million under revolving credit facility

By Marisa Wong

Los Angeles, March 30 – Container Store Group, Inc. said it has drawn down $50 million under its revolving credit facility in response to the Covid-19 pandemic out of an abundance of caution and as a proactive measure.

As a result of the drawdown, the company has an outstanding balance of $78 million under the revolver, according to a press release.

Container Store is a Coppell, Tex.-based retailer of storage and organization products.

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