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Arhaus, Inc. (NASDAQ:ARHS), a $1.49 billion market cap furniture retailer with $1.34 billion in trailing twelve-month revenue, announced on Friday that it has entered into the Third Amendment to its Credit Agreement and Amendment to Security and Pledge Agreement with Bank of America, N.A. and other lenders. The amendment extends the maturity date of the company’s revolving credit facility to October 17, 2030.
The amendment also increases the letter of credit commitment to the lesser of $15 million or the amount of the revolving credit facility as of the amendment date. The aggregate revolving credit commitments under the agreement remain at $75 million. Arhaus retains the option to increase the revolving credit commitment by an additional $25 million.
These changes were made as part of the amendment to the original credit agreement dated November 8, 2021. The company’s obligations under the amended agreement constitute a direct financial obligation.
This information is based on a statement in a press release and a filing with the Securities and Exchange Commission.
In other recent news, Arhaus announced the opening of its largest showroom to date in Old Pasadena, California. This new 38,600-square-foot location marks the company’s twelfth store in California, further expanding its presence in the state. Meanwhile, Arhaus reported strong second-quarter 2025 financial results, which led Guggenheim to raise its stock price target from $12 to $14, maintaining a Buy rating. The company managed to exceed expectations despite a significant tariff-related challenge, which could be mitigated with a modest price increase over the next year. Piper Sandler also raised its price target for Arhaus to $11 from $9, crediting the company’s solid performance and operational improvements in its Dallas distribution center. In the broader furniture sector, Piper Sandler analyst Peter Keith noted that new tariffs on upholstered furniture could benefit related companies. However, Raymond James issued a cautionary note about potential negative impacts on Wayfair and other retailers due to these tariffs. These developments reflect the dynamic nature of the furniture industry amid changing trade policies.
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