1847 subsidiary, icu eyewear, announces loi for a $15.0 million revolving credit line facility

New york, ny / accesswire / april 25, 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 its subsidiary, icu eyewear holdings inc. ("icu"), has entered into a letter of intent for a $15.0 million revolving credit line facility with an asset-based lender to fund icu's growth. the establishment of the credit facility is subject to the completion of due diligence by the lender and the entry into a definitive credit agreement and related documents and the satisfaction of all conditions included in such documents.
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