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Wells Fargo Capital Finance Leads $110MM Facility for Floor and Decor Outlets

May 10, 2013, 08:06 AM
Filed Under: Retail

Wells Fargo Capital Finance acted as administrative agent, sole arranger and bookrunner and term loan agent on a $100 million senior secured revolver and a $10 million senior secured term loan that will be used for working capital and general corporate purposes for Floor and Decor Outlets of America ("Floor and Decor").

Headquartered in Atlanta, Floor and Decor is a specialty retailer in the hard surface flooring market, offering a broad selection of ceramic, porcelain, stone, wood and laminate flooring, and sources directly from manufacturers around the globe. Floor and Decor operates 34 warehouse stores across the U.S.

"We are pleased to have provided this financing to Floor and Decor which will allow them the financial flexibility to execute their strategic initiatives," said James Dore, president of the commercial and retail finance group at Wells Fargo Capital Finance. "We look forward to supporting this leading specialty retailer as they continue to grow."

"Wells Fargo has been an important part of our successful growth," said Trevor Lang, CFO of Floor and Decor. "They brought us the tools and solutions that will enable us to meet the unique needs of our business."

Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company.

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