iMedia Brands Inc IMBI:NASDAQ

Last Price$5.26NASDAQ Previous Close - Last Trade as of 4:00PM ET 1/21/22
NASDAQ 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$5.22 (12)
Ask (Size)$5.28 (3)
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Volume117.3 K

iMedia Brands Prices Offering of $75 Million Senior Notes

3:50AM ET 9/24/2021 MT Newswires
iMedia Brands (IMBI) priced a public offering of $75 million of 8.50% senior notes due 2026, according to a Thursday press release.

Underwriters have a 30-day option to buy up to an additional $5 million of notes. The offering is expected to close on or about Sept. 28.

The company plans to use the net proceeds to fund its pending acquisition of 1-2-3.tv Group. Any remaining proceeds will be used for working capital and general corporate purposes.

The company also secured preliminary approval to list the notes on the Nasdaq Global Market under the symbol "IMBIL," with trading set to begin within 30 days after first issuance.

Price: 5.79, Change: +0.14, Percent Change: +2.48