LL Said Under The Terms Of Its Asset-backed Revolving Facility Credit Agreement, The Company Believes Its Projected Liquidity May Fall Short Of The Minimum Threshold In Q3 2024, And Is In Discussions With The Banks About Additional Liquidity Reserves
Portfolio Pulse from Benzinga Newsdesk
LL announced that under the terms of its asset-backed revolving facility credit agreement, the company believes its projected liquidity may fall short of the minimum threshold in Q3 2024. LL is in discussions with banks about securing additional liquidity reserves.
June 28, 2024 | 12:07 pm
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LL projects a potential liquidity shortfall in Q3 2024 and is in discussions with banks to secure additional liquidity reserves.
The news indicates a potential liquidity issue for LL, which could negatively impact investor confidence and the stock price in the short term. The company's proactive discussions with banks may mitigate some concerns, but the uncertainty around liquidity is likely to weigh on the stock.
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