October 2, 2019 / 10:58 PM / 12 days ago

Retailer Forever 21 wins orders for bankruptcy loan, paying vendors

Forever 21 on Wednesday won an order approving its $350 million bankruptcy financing package, which the fast-fashion retailer had said will provide urgently needed cash for its planned turnaround.

After filing for Chapter 11 protection on Sunday in U.S. Bankruptcy Court in Delaware, Forever 21 on Monday asked Judge Mary Walrath to approve its debtor-in-possession financing package.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2oCsaqP

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