Vince Investor Presentation slide image

Vince Investor Presentation

Transaction Overview Purchase Price & Structure Key Terms Use of Proceeds Timing • VNCE will contribute 100% of its intellectual property to a newly formed "ABG Vince" partnership VNCE will receive a total consideration of: - $76.5 million in cash from Authentic - 25% membership interest in ABG Vince VNCE will remain a publicly-traded entity and continue its existing operations € ● • VNCE will enter into a long-term license agreement with ABG Vince, in which it will retain the rights to the VNCE IP for its current operations 6 ● - % Royalty rate on wholesale net sales: mid-single digit - % Royalty rate on direct-to-consumer net sales (retail and e-commerce): low-single digit VNCE will receive quarterly cash distributions from ABG Vince, equal to 25% of ABG Vince's net cash VNCE to strengthen balance sheet and overall liquidity position and increase working capital Plans to repay in full the outstanding balance of $27.7 million under its Term Loan Credit Facility — Plans to repay a portion of the outstanding borrowings under its Revolving Credit Facility Transaction expected to close within calendar Q2 2023, subject to customary closing conditions
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