PLANO, Texas, Aug. 1, 2017 /PRNewswire/ -- At Home Group Inc. (NYSE: HOME), the home décor superstore, today announced it has successfully amended its revolving credit facility as of July 27, 2017 to extend the maturity date to July 2022 and increase the facility's borrowing limit by $135 million to a total of $350 million with a $75 million accordion feature.
Judd Nystrom, Chief Financial Officer, said, "Our strong and consistent top and bottom line financial performance, in combination with favorable market conditions, has enabled us to expand our credit facility with improved terms and conditions. We have also opportunistically secured a favorable interest rate structure through the extended maturity date. We are pleased that the amended facility provides additional flexibility and liquidity as we continue to deliver on our long-term growth targets."
About At Home Group Inc.
At Home, the home décor superstore, is focused on providing customers with the broadest assortment of home décor products to suit any style, any room, at any budget, for any reason to redecorate. With a wide assortment of over 50,000 items throughout our stores, At Home enables customers to express themselves and create a home that reflects their personality and style. Our differentiated merchandising strategy allows us to identify trends and then value engineer products to provide the aesthetics our customers want at attractive price points. Our highly efficient operating model seeks to drive growth and profitability while minimizing operating risk, ultimately allowing us to deliver exceptional value to our customers. We utilize a flexible and disciplined real estate strategy that enables us to successfully open and operate stores across a wide range of formats and markets. We believe that our broad and comprehensive offering and compelling value proposition combine to create a leading destination for home décor. As of August 1, 2017, At Home operated 136 stores in 33 states and is headquartered in Plano, Texas. For more information, visit investor.athome.com.
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SOURCE At Home Group Inc.