July 17, 2017 / 3:13 PM / a month ago

BRIEF-Beaulieu Group says files for bankruptcy

July 17 (Reuters) - Beaulieu Group LLC:

* Beaulieu Group LLC commences restructuring

* Announced that it has commenced a formal proceeding to restructure its balance sheet

* Filed voluntary petitions under chapter 11 in united states bankruptcy court for northern district of georgia, rome division ​

* Have evaluated alternatives to address Beaulieu's capital structure​

* Existing lenders have agreed to continue to support company by providing debtor-in-possession financing

* Debtor-in-possession financing will be combined with cash from operations to ensure and support continued business operations ​ Source text for Eikon: (Bengaluru Newsroom: +91 806 749 1136)

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