Hicks, Muse, Tate & Furst has arranged a credit facility totalling £180m from Barclays Capital for portfolio company Christie-Tyler, the UK furniture manufacturer and retailer. The furniture business has raised £145 million in new senior credit facilities (including a £25 million undrawn revolving facility) and £35 million in senior subordinated loan facilities from the bank.
Hicks, Muse recaps Christie-Tyler with BarCap
The £180m facility includes a 'substantial' dividend to the buyout firm's LPs.
