Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility [Yahoo! Finance]
Big Lots, Inc. (BIG)
Last big lots, inc. earnings: 2/27 04:05 pm
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biglots.com/corporate/investors
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Source: Yahoo! Finance
COLUMBUS, Ohio April 18, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG), America's Discount Home Store, announced today it has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent , LLC, an affiliate of Gordon Brothers Capital. The FILO Term Loan Facility significantly enhances the Company's liquidity position and is incremental to the borrowing capacity within the Company's current $900 million asset-based revolving loan facility ("ABL"). Big Lots achieved significant sequential improvement in its results during 2023 and, as reported on its March 7, 2024 earnings call, expects further improvements during 2024. On its March 7 earnings call, Big Lots also indicated that it was continuing to evaluate additional actions to bolster its liquidity. "We remain fully committed to improving our results and returning the Company to health and prosperity," said Jonathan Ramsden , c
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BIG
Earnings
- 3/7/24 - Miss
BIG
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- BIG's page on the SEC website