Tailored Brands Inc. (fka TLRDQ)

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$TLRD Total liquidity end of first quarter was $333.0 million

Balance Sheet Highlights

Cash and cash equivalents at the end of the first quarter of 2020 were $244.2 million, an increase of $231.2 million compared to the first quarter of 2019, primarily due to our decision to draw down $310.0 million on our ABL.

Per the provisions of our term loan, we elected to reinvest the proceeds from the sale of the Joseph Abboud trademarks in our business over a 365-day period commencing on March 4, 2020. As a result, the net proceeds of the sale were deposited in a separate account administered by the term loan agent and are considered restricted cash, primarily available for reimbursement of capital expenditures and rental product purchases. As of Click HereMay 2, 2020, the restricted cash balance totaled $94.5 million.

Total liquidity at the end of the first quarter of 2020 was $333.0 million, comprised of $244.2 million of cash and cash equivalents, and $88.8 million of availability on our ABL Facility, which provided a cushion of approximately $26.7 million and $39.1 million above cash dominion and fixed charge coverage ratio thresholds, respectively



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