1847 Subsidiary, ICU Eyewear, Announces LOI for a $15.0 Million Revolving Credit Line Facility

Apr 25, 2023

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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