1-800-FLOWERS amends credit agreement, relaxes leverage and coverage covenants

1 800 FLOWERS COM INC

Maximum consolidated leverage ratio raised to 4.25:1.00 for period ending Oct 2, 2022 (from 3.25:1.00).
Minimum fixed charge coverage ratio lowered to 1.00:1.00 for quarters ending Oct 2022, Jan 2023, Apr 2023 (from 1.50:1.00).
Capital expenditure exclusion for coverage ratio calculation increased from $25M to $35M.
Amendment effective August 29, 2022; lenders include JPMorgan, Wells Fargo, Citi, Bank of America, TD, Capital One, KeyBank, HSBC.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.