Furniture Brands Files for Chapter 11; Oaktree Bids for Assets
Furniture Brands filed Chapter 11 and announced it entered into an asset purchase agreement with Oaktree Capital, which will provide $140 million of DIP financing. A GE Capital led lender group is owed $91 million under a prepetition ABL revolver.
September 10, 2013
§363 | Furniture Brands International | Oaktree Capital Management
ABF Journal