| Select Comfort announced it has entered into an amended and restated credit agreement with its lenders. The credit facility, which extends through June 30, 2011, provides an initial commitment of up to $55M. The company also stated it has received a $10M investment from Sterling Partners pursuant to the terms of the previously announced Securities Purchase Agreement. Sterling Partners invested $10M in exchange for 2.5M shares of the company’s common stock priced at $4.00 per share and warrants to purchase two million shares of the company’s common stock at an exercise price of 1c per share. :theflyonthewall.com |
Subscribe for More Information