Supply Chain Council of European Union | Scceu.org
Operations

Furniture Factory Chain Can Tap $2.5M Of DIP Financing

by scceu0378

Law360 (November 6, 2020, 5:43 PM EST) — The bankrupt owner of the Furniture Factory Outlet retail chain received a Delaware bankruptcy court’s permission Friday to borrow up to $2.5 million in post-petition financing as it seeks to complete a sale through its Chapter 11 case.

During a first-day hearing, debtor attorney Domenic E. Pacitti of Klehr Harrison Harvey Branzburg LLP said the financing was needed as the company continues to navigate the tumultuous environment that exists for retailers in the midst of the COVID-19 pandemic and tries to complete a sale of its assets.

“We commenced these cases to preserve the value,” Pacitti said. “The focal point of…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related posts

Fire breaks out at Oppo India factory, no casualties – police

scceu

Tanger Factory Outlet Centers Brings Back Its Dividend

scceu

Northeast Arkansas factory first in U.S. to produce battery foil

scceu