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OFFON

MAMAMANCINI'S HOLDINGS, INC.

(MMMB)
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MamaMancini’s Secures Expanded $10.5 Million Credit Facility from M&T Bank for Acquisition Financing

08/30/2021 | 08:31am EST

MamaMancini's Holdings, Inc. announced that it has secured an expanded credit facility with M&T bank in the amount of $10.5 million for the purpose of acquisition financing at an interest rate of 3.5% above one-day LIBOR. Previously, MamaMancini’s maintained an undrawn $4.5 million working capital credit facility that can be drawn through June 2023 – with the additional $6.0 million expansion provided for the purpose of acquisition financing, which can be drawn through early August 2023 with a maturity date of 60 months from the date of draw down. Any proposed acquisition will need the approval of M&T bank to utilize this funding. Additional funding may be available depending upon the financing needs of a proposed acquisition.


© S&P Capital IQ 2021
All news about MAMAMANCINI'S HOLDINGS, INC.
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Financials (USD)
Sales 2022 48,8 M - -
Net income 2022 2,72 M - -
Net Debt 2022 - - -
P/E ratio 2022 26,1x
Yield 2022 -
Capitalization 74,2 M 74,2 M -
Capi. / Sales 2022 1,52x
Capi. / Sales 2023 1,20x
Nbr of Employees -
Free-Float 54,4%
Chart MAMAMANCINI'S HOLDINGS, INC.
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MamaMancini's Holdings, Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 2,09 $
Average target price 4,85 $
Spread / Average Target 132%
EPS Revisions
Managers and Directors
Carl T. Wolf Chairman & Chief Executive Officer
Matthew Brown President, Chief Operating Officer & Director
Lawrence Morgenstein Chief Financial Officer
Alfred D’Agostino Independent Director
Thomas G. Toto Independent Director
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