bebe stores (BEBE) Raises Quarterly Dividend 150% to $0.15; 9% Yield
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bebe stores, inc. Announces Refinancing, Acquisition of Additional Buddy’s Franchise Locations, and Increase in Dividend
August 26, 2021 9:01 AM EDTBoard authorizes 150% increase in quarterly dividend to $0.15 per share
New financing provides additional growth capital at attractive terms
SAN FRANCISCO--(BUSINESS WIRE)-- bebe stores, inc. (OTCQB: BEBE) (the Company) today announced that it has entered into a credit agreement providing for a five-year senior secured term loan of $25 million with an additional drawdown capacity of up to $10 million from SLR Credit Solutions (formerly known as Crystal Financial). Proceeds of the financing were used to retire its existing secured term loan of $22 million and for... More
