Home Interiors & Gifts amends loan, waiving compliance with leverage, interest coverage ratios

By Sara Rosenberg

New York, Sept. 30 - Home Interiors & Gifts Inc. amended its credit facility, waiving compliance with the consolidated leverage ratio and the consolidated interest coverage ratio from June 30 through Nov. 28, according to an 8-K filed with the Securities and Exchange Commission Friday.

The amendment also limits revolver availability to $35 million and requires revolver debt prepayments under certain circumstances from cash on hand.

The amendment was completed on Sept. 28.

JPMorgan is the administrative agent.

Home Interiors & Gifts is a Dallas-based integrated manufacturer and distributor of home decorative accessories.

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