Share this on

WestPoint Home Gets Major Credit Line

By Staff -- Home Textiles Today, 7/3/2006 12:00:00 AM

New York —

WestPoint Home has gained stability and flexibility by obtaining a $250 million, five-year revolving credit facility from Bank of America.

The fund is earmarked for “operations, capital expenditures, and future investment opportunities.” Joseph Pennacchio, ceo, said, “This new facility enhances WestPoint Home's ability to continue supporting our existing customer base and strengthens our ability to deliver on potential opportunities with new customers and in new markets.”

WestPoint Home is an affiliate of a publicly held company, American Real Estate Partners, the Carl Icahn-controlled firm that acquired its assets in August 2005.

Share this on

Talkback

We would love your feedback!

Post a comment

Related Content

• Topics
• Author
• Most Popular Pages

WestPoint secures major credit facility

Jun 27, 2006

Also by this author

• Jaipur to Host Jenny Jones Talk, Cocktail Event at High Point

• Four Students Honored in Surtex Design Competition

• Two More Companies Join Goodweave

• Domestics A Bright Spot For Dollar General In Q4, Early 2012

• Cost Plus' Home Division Still Dominates Over Growing Consumables in Q4, 2011

»MORE

MOST POPULAR PAGES

• Executives Working in Home Textiles contributes to travel fund for FIT home students

• Bullish Arlee ramps up table division with veteran Pierce

• Celebrity Brands vs Everyday Prices

• Costco keeps up momentum in 3Q

• Savannah College senior tops in Surtex competition

Sponsored Links

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Wright Labels

  

  Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more

---

Related Resources

• Web Based Intelligence Gathering