GOED - 1847 Goedeker signs $140M secured credit agreement for strategic capital

1847 Goedeker (NYSE:GOED) entered into a $140M credit agreement with Bank of America as administrative agent. The proceeds will be used for funding future strategic and corporate initiatives, including prospective growth investments, capital structure enhancements and share repurchases under its board authorized program. Under agreement terms, Goedeker will have access to a $100M term loan and a $40M revolving credit facility, which includes a $2M swingline sub-facility and a $2M letter of credit sub-facility. Each of the loans include market terms and will mature in May 2027.

For further details see:

1847 Goedeker signs $140M secured credit agreement for strategic capital