1847 Holdings To Acquire Premier Consumer Products Company With Revenue In Excess Of $20M And Positive EBITDA In 2022; No Financial Terms Disclosed On Acquisition
Portfolio Pulse from Happy Mohamed
1847 Holdings LLC (NYSE:EFSH) has announced its plans to acquire a premier consumer products company with revenues exceeding $20M and positive EBITDA in 2022. The acquisition will be funded without issuing any common stock or dilutive equity and is expected to be completed by Q3 2023. Egan-Jones has affirmed a BBB+ rating on 1847's senior credit facility. The company also plans to restructure its outstanding convertible notes and expects to resume dividends and repurchase stock in the future.
August 30, 2023 | 12:36 pm
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POSITIVE IMPACT
1847 Holdings' acquisition of a profitable consumer products company and the affirmation of a BBB+ rating on its senior credit facility by Egan-Jones are positive developments. The company's plans to restructure its convertible notes and resume dividends and stock repurchases could also boost investor confidence.
The acquisition of a profitable company and the affirmation of a BBB+ rating on 1847 Holdings' senior credit facility are positive indicators of the company's financial health. The company's plans to restructure its convertible notes and resume dividends and stock repurchases could also boost investor confidence, potentially leading to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100