Live Ventures Announces Full Repayment of $24 Million Term Loan
Live Ventures Incorporated (LIVE)
US:NASDAQ Investor Relations:
ir.live-ventures.com
Company Research
Source: GlobeNewswire
LAS VEGAS, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, announced that its subsidiary, Vintage Stock, has repaid in full its $24 million term loan debt to Comvest Credit Partners. Jon Isaac, Live Ventures’ President and CEO, said that, “Eliminating the term loan obligation and associated interest expense represents a significant milestone for our company. What originally began as a $30 million term loan in connection with our acquisition of Vintage Stock, and subsequently refinanced at $24 million, has now been fully repaid. By eliminating the drag of interest expense, we are in a stronger position to deploy cash to other initiatives, such as new acquisitions.” In the company’s January 13, 2021 earnings release, Mr. Isaac had noted that Vintage Stock weathered the Covid-19 crisis through various strategic actions. Though its stores had to close for an average 45 days, “Vintage Stock took advantage of the closures to im
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News
- Live Ventures Incorporated (NASDAQ:LIVE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Live Ventures Reports Fiscal First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Live Ventures Reports Fiscal First Quarter 2024 Financial ResultsGlobeNewswire
- Live Ventures to Issue Fiscal First Quarter 2024 Financial Results and Hold Earnings Conference Call on February 8, 2024GlobeNewswire
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Earnings
- 2/8/24 - Miss
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Sec Filings
- 2/8/24 - Form 10-Q
- 2/8/24 - Form 8-K
- 1/11/24 - Form 8-K
- LIVE's page on the SEC website