Everyware Global Amended Its Term Loan Agreement And ABL Facility

Everyware Global Inc. (NASDAQ:EVRY)’s shares soared over 40 percent today, trading up at $2.70 (1:40 PM EDT) after the company announced that it entered into a Securities Purchase Agreement with Monomoy Capital Partners.

Upon the agreement, Monomoy agreed to invest $20 million in return for EveryWare’s Series A Senior Redeemable Preferred Stock with a liquidation preference of $21.2 million and warrants to purchase more than 4 million shares of the company’s common stock. 

Source: Everyware Global Inc

EveryWare is a leading global marketer of tabletop and food preparation products for the consumer and foodservice markets. The company operates worldwide, including the United States, Canada, Mexico, Europe, Latin America and Asia.

Shares of EveryWare are recently trading in a range of $2.50 to $3.19. The 52-week range of the stock is $0.67 to $13.74 PS. The company has a market cap of $58.18 million.

Source: FINVIZ.com

Read More at: Retail Investor 360

Disclosure: I do not have any financial relationship with MNKD.

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