Brief: RumbleOn Announces Planned $100 Million Fully Backstopped Rights Offering

RideNow

09/08/2023 13:12

Aug 9 (Reuters) - RumbleOn Inc  RMBL.O :
    * RUMBLEON ANNOUNCES PLANNED $100 MILLION FULLY BACKSTOPPED
RIGHTS
OFFERING
    * RUMBLEON INC: ENTERED INTO A PURCHASE AGREEMENT WITH
CERTAIN
EXISTING STOCKHOLDERS TO BACKSTOP $100 MILLION RIGHTS OFFERING
IN FULL
    * RUMBLEON INC: PLANNING TO CONDUCT RIGHTS OFFERING TO
ENABLE IT
TO COMPLY WITH A COVENANT IN ITS RECENTLY AMENDED CREDIT
AGREEMENT
    * RUMBLEON INC: SOME NET PROCEEDS OF RIGHTS OFFERING WILL BE
USED
TO REPAY DEBT UNDER ITS AMENDED CREDIT FACILITY

Source text for Eikon:  ID:nBwDJLPca 
Further company coverage:  RMBL.O 

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