Company News

Yankee Candle Establishes New $200 Million Credit Facility

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By: TOM BRANNA

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The Yankee Candle Company, Inc., South Deerfield, MA, announced it has entered into a new $200 million unsecured revolving credit facility. This new facility has two tranches, a $150 million tranche that expires on May 19, 2007, and a $50 million tranche that expires on May 18, 2005. Company executives said the new facility replaces the $150 million revolving credit facility that was scheduled to expire on July 7, 2004.Executives said Citizens Bank of Massachusetts was the Sole Arranger and is t...

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