Company officials at Beaulieu of America announced on Oct. 20, the securing of $230,000,000 in loan refinancing.

“We are now poised for continued growth in the current marketplace. And as the largest privately-held carpet manufacturer in the U.S., Beaulieu will continue to focus on the needs of its customers to be the supplier of choice,” said Ralph Boe, president and CEO of Beaulieu of America.

The loans were led by Bank of America, N.A. and Wells Fargo Capital Finance, LLC and also include PNC Bank, N.A. The new loan refinances Beaulieu’s existing loan agreement and provides additional liquidity for continued expansion.

“We appreciate the efforts our lead banks for their continued financial support and partnership with our company,” said Boe.