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.
2 thoughts on “iMedia Brands to Sell Baby Bonds”
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.