Kirkland’s extends $75 million revolving facility to 2024

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – Kirkland’s, Inc. amended and restated its credit agreement on Friday, keeping its senior secured revolving credit facility at $75 million and extending its maturity date to December 2024 from February 2021, according to an 8-K filing with the Securities and Exchange Commission.

The interest rate is Libor plus a margin ranging from 125 basis points to 175 bps with no Libor floor.

The fee paid on the unused portion of the revolver is 25 bps from 37.5 bps, and the swingline availability is $10 million.

At the closing, there were no outstanding borrowings under the revolver.

Bank of America, NA is the administrative agent and collateral agent.

Kirkland’s is a specialty retailer of home decor based in Brentwood, Tenn.

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