BRIEF-Imedia Brands Enters Into An Asset And Equity Purchase Agreement With Rnn National Media Group

Reuters

2023/07/08

July 7 (Reuters) - iMedia Brands Inc :

* IMEDIA BRANDS ENTERS INTO AN ASSET AND EQUITY PURCHASE AGREEMENT WITH RNN NATIONAL MEDIA GROUP

* IMEDIA BRANDS INC - COMPANY'S OPERATIONS WILL CONTINUE UNINTERRUPTED

* IMEDIA BRANDS INC - TRANSACTION TO BE CONSUMMATED THROUGH COURT-SUPERVISED PROCESS

* IMEDIA BRANDS INC - ENTERED INTO AN ASSET AND EQUITY PURCHASE AGREEMENT TO SELL SUBSTANTIALLY ALL OF COMPANY'S ASSETS

* IMEDIA BRANDS INC - INTENDS TO EFFECTUATE TRANSACTION WITH RNN THROUGH ITS ONGOING CHAPTER 11 CASES IN U.S. BANKRUPTCY COURT FOR DISTRICT OF DELAWARE

* IMEDIA BRANDS - BANKRUPTCY COURT APPROVED $15 MILLION IN NEW DEBTOR-IN-POSSESSION FINANCING FROM CERTAIN OF COMPANY'S EXISTING SECURED LENDERS AND RNN

* IMEDIA BRANDS - NEW FINANCING WITH CASH GENERATED FROM ONGOING OPERATIONS,WILL PROVIDE SUFFICIENT LIQUIDITY TO SUPPORT OPERATIONS DURING SALE PROCESS

* IMEDIA BRANDS - RECEIVED BANKRUPTCY COURT'S APPROVAL OF A NUMBER OF CUSTOMARY MOTIONS TO CONTINUE SUPPORTING ITS OPERATIONS DURING CHAPTER 11 CASES

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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<a href=\"https://laohu8.com/S/IMBIL\">iMedia Brands Inc</a>   :</p><p>   * IMEDIA BRANDS ENTERS INTO AN ASSET AND EQUITY PURCHASE AGREEMENT WITH RNN NATIONAL MEDIA GROUP</p><p>   * IMEDIA BRANDS INC - COMPANY'S OPERATIONS WILL CONTINUE UNINTERRUPTED</p><p>   * IMEDIA BRANDS INC - TRANSACTION TO BE CONSUMMATED THROUGH COURT-SUPERVISED PROCESS</p><p>   * IMEDIA BRANDS INC - ENTERED INTO AN ASSET AND EQUITY PURCHASE AGREEMENT TO SELL SUBSTANTIALLY ALL OF COMPANY'S ASSETS</p><p>   * IMEDIA BRANDS INC - INTENDS TO EFFECTUATE TRANSACTION WITH RNN THROUGH ITS ONGOING CHAPTER 11 CASES IN U.S. BANKRUPTCY COURT FOR DISTRICT OF DELAWARE</p><p>   * IMEDIA BRANDS - BANKRUPTCY COURT APPROVED $15 MILLION IN NEW DEBTOR-IN-POSSESSION FINANCING FROM CERTAIN OF COMPANY'S EXISTING SECURED LENDERS AND RNN</p><p>   * IMEDIA BRANDS - NEW FINANCING WITH CASH GENERATED FROM ONGOING OPERATIONS,WILL PROVIDE SUFFICIENT LIQUIDITY TO SUPPORT OPERATIONS DURING SALE PROCESS</p><p>   * IMEDIA BRANDS - RECEIVED BANKRUPTCY COURT'S APPROVAL OF A NUMBER OF CUSTOMARY MOTIONS TO CONTINUE SUPPORTING ITS OPERATIONS DURING CHAPTER 11 CASES</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EQR","symbol_name":"资产住宅公司","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2349999419","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2349999419","pubTimestamp":1688765671,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"July 7  - 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iMedia Brands Inc   :   * IMEDIA BRANDS ENTERS INTO AN ASSET AND EQUITY PURCHASE AGREEMENT WITH RNN NATIONAL MEDIA GROUP   * IMEDIA BRANDS INC - COMPANY'S OPERATIONS WILL CONTINUE UNINTERRUPTED   * IMEDIA BRANDS INC - TRANSACTION TO BE CONSUMMATED THROUGH COURT-SUPERVISED PROCESS   * IMEDIA BRANDS INC - ENTERED INTO AN ASSET AND EQUITY PURCHASE AGREEMENT TO SELL SUBSTANTIALLY ALL OF COMPANY'S ASSETS   * IMEDIA BRANDS INC - INTENDS TO EFFECTUATE TRANSACTION WITH RNN THROUGH ITS ONGOING CHAPTER 11 CASES IN U.S. BANKRUPTCY COURT FOR DISTRICT OF DELAWARE   * IMEDIA BRANDS - BANKRUPTCY COURT APPROVED $15 MILLION IN NEW DEBTOR-IN-POSSESSION FINANCING FROM CERTAIN OF COMPANY'S EXISTING SECURED LENDERS AND RNN   * IMEDIA BRANDS - NEW FINANCING WITH CASH GENERATED FROM ONGOING OPERATIONS,WILL PROVIDE SUFFICIENT LIQUIDITY TO SUPPORT OPERATIONS DURING SALE PROCESS   * IMEDIA BRANDS - RECEIVED BANKRUPTCY COURT'S APPROVAL OF A NUMBER OF CUSTOMARY MOTIONS TO CONTINUE SUPPORTING ITS OPERATIONS DURING CHAPTER 11 CASESSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}