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True Religion wins approval of disclosure statement
August 23, 2017 / 9:47 PM / in 3 months

True Religion wins approval of disclosure statement

True Religion Apparel Inc won court approval on Wednesday for its disclosure for its plan to exit bankruptcy after earlier this week settling disputes with landlords and securing a $60 million loan to improve post-bankruptcy liquidity.

The Manhattan Beach, California-headquartered retailer said its reorganization was supported by the vast majority of its creditors, including unsecured creditors.

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