WSJ: Barneys Hires Kirkland & Ellis, AlixPartners
Retailer Barneys New York has hired restructuring and bankruptcy lawyers Kirkland & Ellis and turnaround firm AlixPartners as it seeks to negotiate its debt with lenders, a Wall Street Journal article said.
The company wants to refinance its $200 million credit line that matures in September 2012. Most of the company’s debt resulted from the company’s 2007 takeover by investors, which added $500 million in debt.
To read the WSJ article in its entirety, click here.