The amendment of Helen of Troy Ltd. increased the unsecured revolving commitment of the credit agreement from $650 million to $1 billion of source code: [bit.ly/2hCcaAj] Other corporate hedging: Helen of Troy Ltd- maturity of the commitment under the credit contract was rendered on 16 “We are very pleased to conclude the acquisition of Healthy Directions, this is consistent with our stated objective of investing our cash flow for the good of our shareholders,” said Tim Meeker, Chairman of the Board of Directors. As a result of this acquisition, we continue to have attractive debt relative to Adjusted EBITDA of less than 3.0 times. The cash flow generation of our business and the additional capacity of our recent revolving credit facility provide us with sufficient financial resources to support our current brands and businesses, evaluate strategic acquisitions and repurchase outstanding shares. Helen of Troy Limited intends to finance the acquisition through its existing working capital and by expanding its current credit facility. Certain written and oral statements by the Company and subsidiaries of the Company may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements contained in this press release. In general, identify the words “foreshadow,” “believe,” “expected,” “plant,” “may,” “want,” “should,” “seek,” “project,” “predictable,” “potential,” “continue,” “intention,” and other similar words identify forward-looking statements. All statements relating to the Company`s expected or expected operating results, events or developments will be made in the future, including statements on revenue, earnings per share and statements expressing general expectations regarding future operating results, are forward-looking statements and are based on its current expectations and various assumptions. The Company believes that there is a reasonable basis to support these expectations and assumptions, but there can be no assurance that the company will meet these expectations or that these assumptions will prove to be accurate. Forward-looking statements are exposed to risks that may have the effect of significantly deviating from actual results. As a result, the company cautions readers not to improperly rely on forward-looking statements.
Forward-looking statements contained in this press release must be read and conditioned to those contained in the Company`s Form 10-K for the year ended February 29, 2020 and in the Company`s other filings with the SEC. Investors are asked to refer to the risk factors mentioned above to describe these risks. These risks include the company`s ability to successfully address COVID-19`s participation and a similar public health, pandemic or epidemic crisis in the future, and operational challenges related to the actual or perceived effects of COVID-19 and other similar health crises, pandemics or epidemics, To the company`s capacity: to provide products to its customers in a timely manner and in accordance with their compliance standards, the costs associated with meeting business requirements and demanding customer requirements, its dependence on the strength of retail economies and vulnerabilities for a persistent economic downturn, including the effects of COVID-19, the company`s relationships with major customers and licensees , its reliance on sales to several large customers and the risks associated with a possible loss or significant decrease in sales to high-level customers. , expectations for planned restructurings, recent acquisitions or divestitures, both current and future, including its ability to achieve expected cost savings, synergies and other expected benefits, its ability to effectively integrate acquired businesses or separate divestitures, the circumstances necessary in the future for the impairment of company value, intangible assets or other sustainable assets, retention and recruitment of key personnel, costs, complexity and complexity