EveryWare Global gets some breathing space

Lancaster, Ohio – Looks like EveryWare Global is getting a little more time.

The company announced today that it entered into an amendment to extend its agreement with lenders under its term loan agreement through July 15. In addition, EveryWare entered into a further amendment to its asset backed loan agreement with the lenders under its ABL facility to extend the increased availability under that facility, also through July 15, 2014.

"The agreements with our lenders provide the time we need to negotiate a long term financing solution. We thank our partners for their continued support,” said Sam Solomon, ceo.

In May, the company temporarily shut down its Lancaster, Ohio and Monaca, Penn. factories in an effort to conserve cash and reduce glassware inventory. Those facilities have since reopened.

Home Textiles Today Staff | News & Commentary

Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Research Store

Featured Video

Subscribe to
Home Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT November 2017 cover

See the November 2017 issue of Home Textiles Today. In this issue, we look at Complex Colors, Complex Times--Trend forecasters and interior designers weigh in on 2018 palettes and motifs.  Other articles include: Data: Exclusive HTT soft window research; Innovation: Material Changes conference preview; Country report: India invests in the future and Fabrics: Showtime preview.  See details!