 MINNEAPOLIS, Sept. 22, 2021 GLOBE NEWSWIRE -- iMedia Brands, Inc. NASDAQ: IMBI iMedia Brands or the Company today announced that it intends to offer and sell 75.0 million aggregate principal amount of senior notes due 2026 in an underwritten public offering. The interest rate of the senior notes is expected to be 8.50. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. iMedia Brands also expects to grant the underwriters a 30-day option to purchase additional 5.0 million aggregate principal amount of senior notes in connection with the public offering. 