Content about Senior Secured Credit Facility

October 19, 2012

Orchard Supply Hardware Stores has announced additional progress in its efforts to strengthen its financial position through refinancing and reducing its debt.

The company closed on a new five-year Senior Secured Credit Facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America, N.A. The new facility replaces Orchard's existing $100.0 million Senior Secured Credit Facility.

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