1847 announces loi for a $5.0 million revolving credit line facility to fund the previously announced acquisition of icu eyewear, a leading eyewear designer

Transaction expected to be highly accretive with projected ebitda of $2 million in 2022; no equity dilution in connection with either the acquisition of financing new york, ny / accesswire / january 3, 2023 / 1847 holdings llc("1847" or the "company") (nyse american:efsh), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has entered into a letter of intent for a $5.0 million revolving credit line facility with an asset based lender to finance the previously announced acquisition of icu eyewear holdings inc. ("icu"), a leading designer of over-the-counter (otc), non-prescription reading glasses, sunglasses, blue light blocking eyewear, sun readers and outdoor specialty sunglasses. icu is projected to achieve $25.0 million in revenue and $2.0 million of adjusted ebitda in 2022.
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