Apparel Retailer True Religion Restructuring through Ch. 11

by | Jul 5, 2017 | Commercial Real Estate News

Tags:
— Commercial Sales, Leasing, Real Estate, Consulting, and Brokering in Quincy, MA serving all the south shore including Quincy, Weymouth, Braintree, Milton, and Boston Massachusetts.

Apparel Retailer True Religion Restructuring through Ch. 11

Jeans retailer True Religion Apparel Inc., filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court and expects to obtain confirmation of its pre-arranged reorganization plan in three to four months.

The Los Angeles-based retailer has secured investor support for a comprehensive financial recapitalization from a substantial majority of its lenders and its sponsor, TowerBrook Capital Partners.

The company plans to cut its debt by over…

Article From: "Key Realty Commercial Real Estate News"   Read full article