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Ethan Allen Interiors Inc.: Ethan Allen Announces Intent to Raise up to $250 Million of Debt Financing

DANBURY, CT (September 2, 2015) -- Ethan Allen Interiors Inc. ("Ethan Allen"
or the "Company") (NYSE:ETH) today announced its intent to raise up to $250
million of long-term debt financing.

Farooq Kathwari, Chairman and CEO commented, "Since last fall, the Company has
been in discussions with our bankers to enhance our capital structure. The
first objective was to put in place a new $115 million revolving credit
facility to replace the $50 million revolving facility that was scheduled to
expire in June 2015. This objective was accomplished in October 2014. The
next objective was to redeem the $129 million of outstanding senior notes due
October 2015, which was completed in March 2015. We also engaged J.P. Morgan
Securities LLC to explore alternatives to raise up to $250 million in
long-term debt financing. The funds will be utilized for our general
corporate needs and to further increase shareholder returns including a
special dividend and share repurchases. The Company expects to determine and
announce the specific application of the proceeds in the next several weeks."

The Company currently anticipates that the debt financing transaction will be
completed in the Company's fiscal second quarter; however, there can be no
assurances that the transaction will be completed, as it is subject to market
and other customary conditions.

About Ethan Allen

Ethan Allen Interiors Inc. (NYSE: ETH) is a leading interior design Company
and manufacturer and retailer of quality home furnishings. The Company offers
complimentary interior design service to its clients and sells a full range
of furniture products and decorative accessories through ethanallen.com and a
network of approximately 300 Design Centers in the United States and abroad.
Ethan Allen owns and operates eight manufacturing facilities including five
manufacturing plants and one sawmill in the United States plus one plant each
in Mexico and Honduras. Approximately seventy percent of its products are
made in its North American plants. For more information on Ethan Allen's
products and services, visit ethanallen.com.

Cautionary Note Regarding Forward-Looking Statements

This press release should also be read in conjunction with the Company's
Annual Report on Form 10-K for the year ended June 30, 2015 (the "2015 Form
10-K") and other reports filed with the Securities and Exchange Commission.
This press release and related discussions contain forward-looking statements
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include
statements about such matters as: our capital structure; future or targeted
operational and financial performance; liquidity, capital and debt levels;
strategic plans; stock repurchase and dividend plans; possible financing
activities; demand for their products; our position in markets we serve;
regional and global economic and industry market conditions and changes
therein. Such forward-looking statements reflect management's current
expectations concerning future events and results of the Company, and are
subject to various assumptions, risks and uncertainties including
specifically, and without limitation, those set forth in Part I, Item 1A
"Risk Factors" of the 2015 Form 10-K. Accordingly, actual future events or
results could differ materially from those contemplated by the
forward-looking statements. The Company assumes no obligation to update or
provide revision to any forward-looking statement at any time for any reason.

Ethan Allen Interiors Inc.
Investor / Media Contact:
Corey Whitely
Executive Vice President, Administration
Chief Financial Officer and Treasurer


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ethan Allen Interiors Inc. via Globenewswire


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