The Lovesac Company Announced That It Has Entered Into A Five-year Extension Of Its Revolving Credit Facility By $10M And That Its Board Of Directors Has Authorized A Share Repurchase Program Up To $40M
Portfolio Pulse from Benzinga Newsdesk
The Lovesac Company has extended its revolving credit facility by $10 million for five years and authorized a share repurchase program up to $40 million.
July 31, 2024 | 11:20 am
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The Lovesac Company has extended its revolving credit facility by $10 million for five years and authorized a share repurchase program up to $40 million.
The extension of the credit facility improves Lovesac's liquidity and financial flexibility, while the share repurchase program signals confidence in the company's future prospects and can support the stock price.
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