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:ASNAQ   00:00AM GMT
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Debt Financing / Related, Restructuring / Reorganization, Bankruptcy / Related

Ascena Retail Group Achieves Important Milestones In Restructuring Process

Published: 09/21/2020 21:08 GMT
(ASNAQ) - Ascena Retail Group Achieves Important Milestones in Restructuring Process.
Ascena Retail Group Inc - Company to Begin Solicitation of Votes for Plan of Reorganization.
Ascena Retail Group Inc - Amended Rsa Supported by Approximately 95% of Secured Term Lenders.
Ascena Retail Group Inc - Debtor-in-possession Financing to Convert to Exit Financing Upon Emergence.
Ascena Retail Group - Court Approves Disclosure Statement and Debtor-in-possession Financing on Final Basis.
Ascena Retail Group - Fullbeauty Wins Auction to Acquire Catherines' E-commerce Business for Over $40 Million.
Ascena Retail Group - Continuing Rent Discussions With Landlord Partners for Our Go-forward Stores.
Ascena Retail Group - Amended Restructuring Support Agreement Expected to Significantly Reduce Ascena's Debt by About $1 Billion.
Ascena Retail Group - Hearing to Consider Confirmation of Plan is Currently Scheduled to Commence on October 23.