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Stock impact report

Big Lots (BIG) Enhances Liquidity, Adds $200M Borrowing Capacity [Yahoo! Finance]

Big Lots, Inc. (BIG) 
Last big lots, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NYSE Investor Relations: biglots.com/corporate/investors
Company Research Source: Yahoo! Finance
The company announced the initiation of a "first in, last out" term loan facility, boosting its borrowing capacity by up to $200 million. This new endeavor facilitated through 1903P Loan Agent, LLC, marks a strategic maneuver to augment the company's liquidity reserves, complementing its existing $900 million asset-based revolving loan facility. Jonathan Ramsden, Big Lots' chief financial and administrative officer, underscored the company's unwavering dedication to revitalizing its performance and restoring prosperity. Ramsden emphasized the newfound financial flexibility as instrumental in sustaining the company's commitment to offering unparalleled bargains and value to customers. With a robust strategy in place, Big Lots is poised for decent sales and gross margin improvement in the forthcoming quarters. Big Lots has outlined a comprehensive plan comprising five pivotal actions to reclaim its legacy as the go-to destination for bargains. This includes an intensified focus on p Show less Read more
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