Big Lots Boosts Liquidity with $200 Million Loan Facility
Retail TouchPoints
APRIL 24, 2024
Beleaguered retailer Big Lots has increased its borrowing capacity by up to $200 million with a new “first in, last out” term loan facility, secured through an affiliate of Gordon Brothers Capital. Big Lots had a difficult fiscal year 2023, which ended Feb. 3, 2024.
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