Designer Brands Inc. Increases Price Range And Satisfies The Financing Contingency For Tender Offer To Repurchase Up To $100M Of Its Class A Common Shares
Portfolio Pulse from Benzinga Newsdesk
Designer Brands Inc. (NYSE:DBI) has increased the price range for its tender offer to repurchase up to $100 million of its Class A common shares and satisfied the financing contingency by entering into a senior secured term loan of $135 million.
June 23, 2023 | 7:43 pm
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Designer Brands Inc. has increased the price range for its tender offer and secured a $135 million term loan, potentially boosting investor confidence.
Designer Brands Inc. has increased the price range for its tender offer to repurchase up to $100 million of its Class A common shares, which may be seen as a positive sign by investors. Additionally, the company has satisfied the financing contingency by entering into a senior secured term loan of $135 million, which could further boost investor confidence in the company's financial stability.
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