Marvin’s completes credit refinancing
Marvin’s Building Materials and Home Centers has closed on a new $20 million revolving secured...
Leeds, Ala.-based Marvin’s Building Materials and Home Centers announced this week that it has closed on a new $20 million revolving secured credit facility with RBS Business Capital.
The retailer said the credit facility has a three-year term and replaces a $20 million facility with Regions Bank set to mature Jan. 15.
"The refinancing we closed today is an important milestone for Marvin's," said Boyden Moore, president and CEO. "The new facility gives us more availability, flexibility and improved borrowing rates, but most importantly the confidence to continue to pursue our growth plans."
The company operates 26 home centers across Alabama, Mississippi and Georgia.
