Interactive TV company iMedia Brands (IMBI) has announced a new offering of baby bonds.
The senior notes will carry a coupon of 8.50% and will have a maturity date on 9/30/2026. 3 million shares (bonds) are proposed to be sold.
As I have come to expect on marginal offerings from B Riley these notes will carry a bonus rate for early redemption starting on 9/30/2023 at $25.75 and reducing to $25.25 on 9/30/2025 until maturity.
The issue should carry the permanent ticker of IMBIL when it trades on the NASDAQ.
The preliminary supplement is here.
Guess I’m going to have to seriously consider this one. As owners of Shop-HQ. what orders my wife make not positively impacting the revenues of QRTEA go here instead………:)
FQG: First Quick Glance:
$28.5 MM private first mortgage stacked in August 2021.
$0.26 loss last quarter. Interest coverage negative.
645 employees in the Lake State of MN.
Other top heavy and negative numbers.
Appealing terms, but me? Not.