Beaulieu Secures $230 Million for Refinancing

Dalton, GA, Oct. 21, 2011 -- Beaulieu of America said it has secured $230 million in loan refinancing.

“We are now poised for continued growth in the current marketplace," CEO Ralph Boe said. Beaulieu is the country's largest private carpet maker.

Led by Bank of America, N.A. and Wells Fargo Capital Finance, LLC and also including PNC Bank, N.A., the new loan refinances Beaulieu’s existing loan agreement and provides additional liquidity for continued expansion.

The company had been in talks for some time to seal the deal, which will carry it through “the next several years,” Boe told the Chattanooga Times Free Press.

Related Topics:Beaulieu International Group