Beyond (BYON) announced the closing of a $5.2M expansion of the existing credit facility with Kirkland’s (KIRK). The upsized facility is intended to strengthen Kirkland’s financial position, provide flexibility for general working capital purposes and support an updated store conversion strategy. Additionally, the companies have entered into an agreement for Beyond to acquire the rights of Kirkland’s in the Kirkland’s brand, expanding Beyond’s portfolio of iconic brands.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYON:
- Beyond price target lowered to $5 from $8 at Piper Sandler
- Beyond price target lowered to $5 from $7 at Barclays
- Beyond, Inc. Reports Financial Improvements and Growth Plans
- Beyond, Inc. Earnings Call: Transition and Growth
- Cautious Outlook for Beyond Inc: Hold Rating Amid Revenue Decline and Extended Profitability Timeline