Lovesac extends credit facility to 2029, authorizes $40M share repurchase

Lovesac Co

Ninth Amendment extends revolving credit facility maturity from Sept 30, 2024 to July 29, 2029.
Adds uncommitted accordion to increase revolver by $10M; total remains $40M subject to borrowing base.
Board authorized up to $40M in share repurchases on June 11, 2024; announced July 31, 2024.
Repurchases may be via open market, private transactions, or ASR; timing at management discretion.
Credit facility covenant requires undrawn availability >=10% of lesser of commitments or borrowing base.

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