Bloomberg: Wells Provides Coldwater Creek DIP Financing
Bloomberg reported Coldwater Creek (CWTR) filed for bankruptcy protection after sales declined and it failed to find a buyer.
According to Bloomberg , Coldwater was said to have reached an agreement with lenders on the liquidation plan and received a $75 million commitment in debtor-in-possession financing from Wells Fargo, a current lender to the retailer.
To read the entire Bloomberg article, click here.
Previously on abfjournal: WSJ: Coldwater Creek Preparing to File for Bankruptcy, April 1, 2014