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Debt Financing / Related, Restructuring / Reorganization, Bankruptcy / Related

Tailored Brands Reports Confirmation Of Plan Of Reorganization

Published: 11/13/2020 22:06 GMT
(TLRDQ) - Tailored Brands Announces Confirmation of Plan of Reorganization.
Tailored Brands Announces Confirmation of Plan of Reorganization.
Tailored Brands Inc - Emergence From Chapter 11 Expected by End of November.
Tailored Brands Inc - Court Approves Plan to Significantly Reduce Debt and Position Company for Future Growth.
Tailored Brands Inc - Capital Structure of Reorganized Co is Expected to Consist of a $430 Million Abl Facility.
Tailored Brands Inc - Under Terms, Will Emerge With a Capital Structure Having Eliminated $686 Million of Funded Debt From Its Balance Sheet.