Benzinga | Jan 21, 2021 08:37AM EST

Live Ventures Announces Full Repayment Of $24M Term Loan

LAS VEGAS, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (NASDAQ:LIVE), a diversified holding company, announced that its subsidiary, Vintage Stock, has repaid in full its $24 million term loan debt to Comvest Credit Partners.



Jon Isaac, Live Ventures' President and CEO, said that, "Eliminating the term loan obligation and associated interest expense represents a significant milestone for our company. What originally began as a $30 million term loan in connection with our acquisition of Vintage Stock, and subsequently refinanced at $24 million, has now been fully repaid. By eliminating the drag of interest expense, we are in a stronger position to deploy cash to other initiatives, such as new acquisitions."