Lands' End Announces Partial Debt Prepayment
Lands' End, Inc. (LE)
Last lands' end, inc. earnings: 3/17 06:45 am
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US:NASDAQ Investor Relations:
investors.landsend.com/investor-relations
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Source: GlobeNewswire
DODGEVILLE, Wis., April 30, 2019 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE), a leading multi-channel retailer of casual clothing, accessories, footwear and home products, today announced that it has prepaid $100 million of its Term Loan Facility, with excess cash on hand. The remaining balance of the Term Loan Facility, after the prepayment, is $389,250,000, maturing April 4, 2021. The prepayment of debt is expected to generate estimated interest savings of $3 million to $4 million on an annualized basis. The Company’s annual guidance for fiscal year 2019, provided on March 21, 2019, did not reflect the impact of estimated interest savings resulting from this partial debt prepayment. Jim Gooch, Executive Vice President, Chief Operating Officer and Chief Financial Officer, stated “Over the past two years our business has stabilized, and we’ve demonstrated the ability to achieve consistent revenue and profitability growth. This progress gives us confidence in our strategy a
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Earnings
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Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEF
- 4/8/24 - Form 8-K
- LE's page on the SEC website