House of Fabrics Reaches Credit-Line Agreement
House of Fabrics Inc., a Sherman Oaks company that owns a chain of retail fabric stores, said it has reached agreement with a group of banks for a $135-million line of revolving credit.
The agreement with the banking group, led by Bank of America, brings the total funds committed for the company to $172 million. The money will be used for working capital as House of Fabrics continues to expand, the company said.
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