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Linens 'n Things to defer interest payment

Tue Apr 15, 2008 8:18am EDT

NEW YORK, April 15 (Reuters) - U.S. home goods retailer Linens 'n Things said on Tuesday that it will defer a $16.1 million quarterly interest payment to some debt-holders, and that it is in discussions with a committee of creditors regarding a capital restructuring.

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Sources have told Reuters that the struggling retailer, owned by Leon Black's buyout firm Apollo Global Management, was considering filing for Chapter 11 bankruptcy protection as one option.

Last week the Wall Street Journal reported that a bankruptcy filing could come by Tuesday. (Reporting by Martinne Geller, editing by Dave Zimmerman)

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