(Bloomberg) -- Discount retailer Big Lots Inc. has filed for bankruptcy protection and plans to sell the firm’s assets and ongoing business in a court...
-- Discount retailer Big Lots Inc. has filed for bankruptcy protection and plans to sell the firm’s assets and ongoing business in a court-supervised process.The Columbus, Ohio-based company said it filed for Chapter 11 bankruptcy in Delaware, according to a company statement. It listed assets and liabilities of $1 billion to $10 billion in its court petition. Chapter 11 allows a company to continue operating while it works out a creditor repayment plan.
The retailer has secured commitments for $707.5 million of financing in the form of a post-petition credit facility, according to the company. As a result, Big Lots expects to have sufficient liquidity while it works to complete the sale transaction, it said. DALLAS, September 09, 2024--Kosmos Energy Ltd. announced today that, subject to market conditions, it intends to offer $500 million aggregate principal amount of senior notes due 2031. Kosmos intends to use the net proceeds from the offering, together with cash on hand, to fund the tender offers for a portion of its 7.125% Senior Notes due 2026, 7.750% Senior Notes due 2027 and 7.
COPENHAGEN, Denmark, September 09, 2024--ArcanaBio secures funding and joins BioInnovation Institute's Deep Tech Lab Quantum to accelerate its novel label-free proteomics technologyPanasonic's energy unit prepares for 4680 EV battery production
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