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)

9 Months Ended

Oct. 30, 2021

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

The Company’s long-term credit facilities consist of:


	October 30, 2021		January 30, 2021
PNC revolving loan due July 27, 2023, principal amount	$	—	$	41,000,000
Siena revolving loan due July 31, 2024, principal amount		20,000,000		—
PNC term loan due July 27, 2023, principal amount		—		12,441,000
GreenLake Real Estate Financing term loan due July 31, 2024, principal amount		28,500,000		—
Less unamortized debt issuance costs		(1,850,000)		(61,000)
GreenLake Real Estate Financing term loan due July 31, 2024, carrying amount		26,650,000		12,380,000
Total long-term credit facility		46,650,000		53,380,000
Less current portion of long-term credit facility		—		(2,714,000)
Long-term credit facility, excluding current portion	$	46,650,000	$	50,666,000

8.5% Senior Unsecured Notes, due 2026, principal amount		80,000,000		—
Less unamortized debt issuance costs		(6,232,000)		—
8.5% Senior Unsecured Notes, due 2026, carrying amount		73,768,000		—
Long-term credit facilities, excluding current portion	$	120,418,000	$	50,666,000

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

The aggregate maturities of borrowings outstanding under the Company’s long-term debt obligations as of October 30, 2021 were as follows:


	Real Estate Financing		Siena			8.5% Senior
Fiscal year	Term Loan		Revolving Loan		Unsecured Notes		Total
2021	$	—	$	—	$	—	$	—
2022		—		—		—		—
2023		—		—		—		—
2024		28,500		20,000		—		48,500
2025 and thereafter		—		—		80,000		80,000
	$	28,500	$	20,000	$	80,000	$	128,500

- 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