Durham Furniture Industries, Inc.
Furnishings Industry Transaction
Durham Furniture Industries, Inc.
Founded in 1896 and based in Ontario, Canada, Durham Furniture Industries, Inc. is a manufacturer of medium to upper-medium priced bedroom furniture. Mann, Armistead & Epperson, Ltd. was hired by Durham’s Board of Directors to serve as the Company’s financial advisor to maximize long-term shareholder value and to assist in long-term strategic planning. Once hired, our firm realized Durham’s immediate need to recapitalize its long-term credit facilities. More specifically, Durham needed senior credit facilities which matched the changing landscape of the furnishings industry. Our firm assisted in structuring, negotiating and executing Durham’s new credit facilities with the Royal Bank of Canada.
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