1-800-FLOWERS.COM, Inc. Amends Credit Agreement

1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) (the "Company”), a leading ecommerce provider of products and services designed to inspire more human expression, connection and celebration, today reported entering into a First Amendment (the "Amendment”) to its Existing Credit Agreement (as defined below) on August 20, 2020 with its existing syndicate of banks led by JPMorgan Chase Bank, N.A., as a lead arranger and bookrunner. The Amendment expands and modifies the credit facilities provided under the Company’s existing Second Amended and Restated Credit Agreement dated May 31, 2019 (the "Existing Credit Agreement”, and the Existing Credit Agreement, as amended by the Amendment, the "Amended Credit Agreement”). Chris McCann, CEO of 1-800-FLOWERS.COM, Inc., said, "We are very pleased to have expanded our credit facilities and further strengthened our balance sheet. Combined with the significant cash flows we are generating, the Amended Credit Agreement provides us with flexibility to continue growing our business by investing in our existing operating platform and seeking acquisitions that can accelerate our top and bottom-line growth, such as our recently completed acquisition of PersonalizationMall.com.” The Amended Credit Agreement increases the commitments under the Company’s revolving credit facility to $250 million, up from $200 million under the Existing Credit To keep reading about 1-800-FLOWERS.COM, Inc. Amends Credit Agreement, Click on the link. Seoul, Korea
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