The Lovesac Company Announces a Five-Year Extension of Its …
STAMFORD, Conn., July 31, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: …
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Lovesac Extends Credit Facility, Sets $40M Stock Buyback
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Jul 31, 2024 · - The Lovesac Company (NASDAQ: LOVE), renowned for its modular furniture, …
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FAQs about The Lovesac Company Announces a Five-Year Extension of Its … Coupon?
Does Lovesac have a revolving credit facility?
The amendment extends the maturity to July 2029 and adds an uncommitted accordion feature that allows the Company, subject to certain customary conditions, to increase the size of the revolving credit facility by $10 million. Lovesac’s Board of Directors also authorized the repurchase of up to $40 million of the Company’s outstanding common stock. ...
Does Lovesac have a repurchase program?
Lovesac’s Board of Directors also authorized the repurchase of up to $40 million of the Company’s outstanding common stock. The program is expected to be funded through the Company’s existing cash and future free cash flow. ...
Who is the Lovesac company?
About The Lovesac Company: Based in Stamford, Connecticut, The Lovesac Company is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed For Life approach which results in products that are built to last a lifetime and designed to evolve as our customers’ lives do. ...
When does the revolving credit facility mature?
The Company’s revolving credit facility had been set to mature on September 30, 2024. The amendment extends the maturity to July 2029 and adds an uncommitted accordion feature that allows the Company, subject to certain customary conditions, to increase the size of the revolving credit facility by $10 million. ...
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