Brief: Kirkland's Inc says On Jan 25, Entered Into A Term Loan Credit Agreement
26/01/2024 16:48
Jan 26 (Reuters) - Kirkland's Inc KIRK.O :
* KIRKLAND'S INC - ON JAN 25, ENTERED INTO A TERM LOAN
CREDIT
AGREEMENT
* KIRKLAND'S INC - FILO CREDIT AGREEMENT PROVIDES FOR A $12
MILLION “FIRST-IN, LAST-OUT” DELAYED-DRAW ASSET-BASED TERM LOAN
* KIRKLAND'S INC - ALSO ENTERED INTO AN AMENDMENT WITH BANK
OF
AMERICA TO ITS EXISTING CREDIT FACILITY TO PERMIT FILO LOAN
* KIRKLAND'S INC - COMPANY DID NOT DRAW ON FILO LOAN AT
CLOSING
* KIRKLAND'S INC - COMPANY IS REQUIRED TO DRAW AT LEAST $5
MILLION ON OR BEFORE APRIL 1, 2024
* KIRKLAND'S INC - FILO LOAN WILL MATURE ON MARCH 31, 2028,
COTERMINOUS WITH COMPANY'S EXISTING CREDIT FACILITY
Further company coverage: KIRK.O
((Reuters.Briefs@thomsonreuters.com;))