Container Store Files for Bankruptcy
The Wall Street Journal|December 24, 2024
Texas-based retailer plans to complete a reorganization plan within 35 days
BEN OTTO
Container Store Files for Bankruptcy

The Container Store has filed for bankruptcy as it contends with quarterly losses and rising debt levels that have shaken investor confidence and led to its imminent delisting.

The specialty retail chain said late Sunday that it had filed for chapter 11 bankruptcy protection in a Texas district court, with plans to complete a reorganization plan within 35 days.

The Coppell, Texas-based retailer said at least 90% of its term-loan lenders had agreed to support a deal that will give it $40 million in new money financing, at least $45 million in deleveraging, “substantial” debt service relief and what it described as “material maturity runway.”

この記事は The Wall Street Journal の December 24, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The Wall Street Journal の December 24, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。