Brief: Big 5 Sporting Goods Exercised Accordion Feature Under Its Credit Agreement
01/04/2020 21:23
April 1 (Reuters) - Big 5 Sporting Goods Corp BGFV.O :
* BIG 5 SPORTING GOODS - ON MARCH 30, EXERCISED ACCORDION
FEATURE
UNDER ITS CREDIT AGREEMENT DATED AS OF OCT 18, 2010
* BIG 5 SPORTING GOODS -EXERCISE OF ACCORDION FEATURE
INCREASES
AGGREGATE COMMITMENTS UNDER CREDIT FACILITY PROVIDED BY CREDIT
AGREEMENT TO $165 MILLION
* BIG 5 SPORTING GOODS -IN ORDER TO ENHANCE FINANCIAL
FLEXIBILITY
DURING COVID-19 PANDEMIC,HAS DRAWN DOWN ADDITIONAL AMOUNTS UNDER
ITS CREDIT FACILITY
* BIG 5 SPORTING GOODS CORP - CURRENT CASH POSITION TOTALS
APPROXIMATELY $67 MILLION
Source text: https://bit.ly/2R2Ge8q
Further company coverage: BGFV.O
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