PLBY Group closes $328M acquisition of Honey Birdette, a luxury lingerie brand

Playboy, Inc.

Consideration: AUD443M (~$328M) with ~$235M cash and 2.16M shares of PLBY stock.
Honey Birdette: $71M revenue, $17.6M net income for TTM ended June 30, 2021, up 42% and 187% YoY.
Incremental $70M term loan obtained, total term loan now $230M; LIBOR +5.75%, matures May 2027.
Director Suying Liu resigned, causing temporary non-compliance with Nasdaq independent director and audit committee rules; cure period underway.
PLBY to file registration statement for stock consideration; financial statements due within 71 days.

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Executive movements

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Departed

Suying Liu

Director

PLBY · Playboy, Inc.

Effective: 2021-08-09
Filed: August 11, 2021, 7:59 PM ET

On August 9, 2021, Dr. Suying Liu notified the Board of Directors (the “Board”) of PLBY of his resignation from the Board effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Suying Liu resigned as Director at Playboy, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 9, 2021, Dr. Suying Liu notified the Board of Directors (the “Board”) of PLBY of his resignation from the Board effective immediately.

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Playboy, Inc. filing history →

Source: SEC EDGAR

accession 0001803914-21-000067

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