The Dixie Group, Inc. (NASDAQXYN) reported that it has refinanced its senior revolving credit facility together with the existing term loan secured by its Santa Ana property. The purpose of these transactions is to permit early redemption of the outstanding $9.7 million of 7% convertible subordinated debentures due in May of 2012 and to extend the Company's financing for another five-year period. The transaction, with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), as Agent and co-lender with Bank of America, consists of a new $90 million revolving credit facility with a five-year term and a term loan secured by the Santa Ana carpet facility, with Wells Fargo Bank, NA as lender.

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