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ALJ Regional Holdings, Inc. Replaces Its Existing Term Loan And Amends Its Revolving Credit Facility


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NEW YORK, June 29, 2021 /PRNewswire/  ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) ( ALJ or Company ) announced today that it has completed the replacement of its existing term loan and amended its existing revolving credit facility. Key features of the transactions include:
Significant Reduction of Quarterly Term Loan Principal Payments. ALJ s new term loan and amended revolving credit facility (referred to collectively as New Debt ) reduces term loan amortization principal payments by approximately $4.4 million, or 54%, which significantly improves liquidity and operating flexibility.
Reduction in Convertible Debt Dilution and Lower Interest Rate for Revolving Credit Facility. ALJ s new term loan allows interest to be paid in cash on the existing outstanding convertible debt, rather than paying interest in kind which resulted in additional dilution to shareholders. In addition, the average interest rate on the amended r ....

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