BRIEF-Imedia Brands Says On June 25, Got Notice Of Revolving Loan Commitment Termination From Siena Lending Group LLC With Respect To Loan & Security Agreement

Reuters2023-06-30

June 29 (Reuters) - iMedia Brands Inc :

* IMEDIA BRANDS- ON JUNE 25, GOT NOTICE OF REVOLVING LOAN COMMITMENT TERMINATION FROM SIENA LENDING GROUP LLC WITH RESPECT TO LOAN & SECURITY AGREEMENT

* IMEDIA BRANDS - ON JUNE 28, CO AND ITS U.S. UNITS FILED VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF TITLE 11 OF THE UNITED STATES CODE

* IMEDIA BRANDS INC - CONTINUES TO OPERATE ITS BUSINESS AS A “DEBTOR-IN-POSSESSION” UNDER THE JURISDICTION OF THE BANKRUPTCY COURT

* IMEDIA BRANDS - RECEIVED DELISTING NOTICE FROM NASDAQ NOTIFYING CO, NASDAQ HAD DETERMINED CO'S COMMON STOCK, SENIOR NOTES WILL BE DELISTED FROM NASDAQ

* IMEDIA BRANDS INC - COMPANY DOES NOT INTEND TO APPEAL THE DETERMINATION

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