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Debt Financing / Related, Restructuring / Reorganization, Other Pre-Announcement

Tailored Brands Says Successfully Completes Financial Restructuring

Published: 12/02/2020 03:38 GMT
(TLRDQ) - Tailored Brands Successfully Completes Financial Restructuring.
Tailored Brands Inc - Company Emerges From Chapter 11 and Eliminates $686 Million of Existing Debt.
Tailored Brands Inc - Expects That This Exit Financing Will Support Ongoing Operations and Enable Company to Execute on Its Strategic Initiatives.
Tailored Brands- Now Operates With Capital Structure of $430 Million Abl Facility, $365 Million Exit Term Loan & $75 Million of Cash From New Debt Facility.