Limbach Holdings Repurchases Preferred Stock from 1347 Investors

Limbach Holdings completed the repurchase of all its outstanding Class A Preferred Stock from 1347 Investors LLC. The transaction was financed through a new $10 million term loan and closed on January 12, 2018.

“On January 12, 2018, proceeds from the New Term Loan were used to finance the Repurchase for an aggregate purchase price of $9,100,000, plus accrued but unpaid dividends of $874,548.29, pursuant to the previously disclosed preferred stock purchase agreement, dated as of July 14, 2017, by and among the Company and 1347 Investors LLC (“1347 Investors”).”

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