Kendra Scott Designs to launch $85 million credit facility on Thursday

By Sara Rosenberg

New York, June 8 – Kendra Scott Designs is scheduled to hold a bank meeting on Thursday to launch an $85 million credit facility, according to a market source.

BNP Paribas Securities Corp. is the lead on the deal.

The facility consists of a $15 million five-year revolver and a $70 million six-year term loan, the source said.

Proceeds will be used to refinance existing debt and fund a dividend.

Kendra Scott is an Austin, Texas-based jewelry and accessories company.

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