iMedia Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Credit Agreements (Tables)

Credit Agreements (Tables)

3 Months Ended

May 01, 2021

Schedule of Long-term Credit Facility [Table Text Block]

The Company’s long-term credit facility consists of:


	May 1, 2021		January 30, 2021
PNC revolving loan due July 27, 2023, principal amount	$	41,000,000	$	41,000,000
PNC term loan due July 27, 2023, principal amount		11,762,000		12,441,000
Less unamortized debt issuance costs		(53,000)		(61,000)
PNC term loan due July 27, 2023, carrying amount		11,709,000		12,380,000
Total long-term credit facility		52,709,000		53,380,000
Less current portion of long-term credit facility		(2,714,000)		(2,714,000)
Long-term credit facility, excluding current portion	$	49,995,000	$	50,666,000

Schedule of Maturities of Long-term Credit Facility [Table Text Block]

The aggregate maturities of the Company’s long-term credit facility as of May 1, 2021 were as follows:


	PNC Credit Facility
Fiscal year	Term loan		Revolving loan		Total
2021	$	2,035,000	$	—	$	2,035,000
2022		2,714,000		—		2,714,000
2023		7,013,000		41,000,000		48,013,000
	$	11,762,000	$	41,000,000	$	52,762,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details