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Debt Financing / Related, Divestitures / Spin-offs, Restructuring / Reorganization

Francesca's Says Filed Voluntary Chapter 11 To Implement Sale

Published: 12/04/2020 01:43 GMT
(FRAN) - Francesca's® Files Voluntary Chapter 11 to Implement Sale.company Obtains $25 Million in Financing to Facilitate Sale Process.
Francesca's Holdings - Received a Commitment From Its Existing Lender, Tiger Finance, Llc, for a $25 Million Debtor-in-possession Financing Facility.company Has Entered Into a Letter of Intent With Terramar Capital, Llc.
Francesca's Holdings - New Facility, Which is Subject to Court Approval, to Enable Co to Continue to Operate Business, Meet Financial Obligations.
Francesca's Holdings - Letter of Intent With Terramar, for Terramar Or an Affiliate to Become Stalking Horse Bidder for Auction and Sale Process.