LL Flooring Holdings, Inc.: M&A transaction — LL Flooring completes going-concern sale of 219 stores and distribution center to F9 Investments

LL Flooring Holdings, Inc.

Acquisition by F9 Investments includes 219 stores, inventory, intellectual property, and other assets.
Company also completed private sale of Sandston, VA distribution center to SNA NE, LLC.
DIP ABL credit agreement with Bank of America repaid in full and terminated on Sept 30, 2024.
Store closing sales continue at locations not included in the F9 agreement, managed by Hilco Merchant Resources.
Charles Tyson (CEO) states sale marks start of new chapter; working closely with F9 for seamless transition.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.92

LL Flooring Holdings, Inc. completed a disposition involving LumLiq2, LLC and F9 Investments, LLC for not disclosed (closed 2024-09-30).

Action: disposition
Counterparty: LumLiq2, LLC and F9 Investments, LLC
Consideration: not disclosed
Closing: 2024-09-30

Exact text from the filing

On September 30, 2024, the Company and certain of its subsidiaries completed the transactions contemplated by the F9 Purchase Agreement, as amended by the F9 Purchase Agreement Amendment (the "F9 Transaction").

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.92

LL Flooring Holdings, Inc. completed a disposition involving SNA NE, LLC for not disclosed (closed 2024-09-30).

Action: disposition
Counterparty: SNA NE, LLC
Consideration: not disclosed
Closing: 2024-09-30

Exact text from the filing

Also on September 30, 2024, the Company completed the transactions contemplated by the previously announced purchase and sale agreement, dated August 30, 2024 (the "Sandston Purchase Agreement") for the sale of the Company's Distribution Center, by and between a subsidiary of the Company and SNA NE, LLC (the "Sandston Transaction").

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Source: SEC EDGAR

accession 0001193125-24-229557

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