The Lovesac Company Announces a Five-Year Extension of Its Credit Facility and Inaugural Share Repurchase Program

Board of Directors Authorizes $40 Million Share Repurchase Program The Company's revolving credit facility had been set to mature on September 30, 2024. The amendment extends the maturity to July 2029 and adds an uncommitted accordion feature that allows the Company, subject to certain customary conditions, to increase the size of the revolving credit facility by$10 million. Keith Siegner, Executive Vice President and Chief Financial Officer, stated, "We are pleased to have successfully extended our credit ...