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

Tuesday Morning Announces Confirmation Of Plan Of Reorganization

Published: 12/23/2020 18:36 GMT
(TUESQ) - Tuesday Morning Announces Confirmation of Plan of Reorganization.
Tuesday Morning - Expects to Successfully Emerge From Chapter 11 Protection by End of December.
Tuesday Morning - Capital Structure of Reorganized Company Expected to Consist of a $110 Million Asset-backed Lending Credit Facility.
Tuesday Morning - About $40 Million in Cash Proceeds From Upcoming Backstopped Rights Offering Will Be Applied to Pay Creditors.