Ethan Allen Interiors Inc., a Danbury-based interior design company, announced this month that it has completed the repayment of its $129.4 million in outstanding senior notes.
In October, Ethan Allen announced the completion of a $150 million credit facility. The company’s chairman, president and CEO, Farooq Kathwari, said he was happy the outstanding payments had been made with help from the credit facility.
“We are pleased that we have continued to strengthen our financial structure,” Kathwari said in a statement. “Part of our cash along with borrowings under the new credit facility were used to complete the transaction.”
Ethan Allen, with its headquarters on Lake Avenue Extension, has operated out of Danbury since 1971.
Earlier this month, Western Connecticut State University announced Kathwari donated $1 million to the university’s honors program.
