Claire’s Files Chapter 11, Citigroup to Provide DIP Financing

According to Reuters, retail chain Claire’s Stores has filed for Chapter 11 in U.S. bankruptcy court in Delaware. Citigroup will provide DIP financing for the company as it goes through restructuring.

Botticelli Agents New $50MM Facility for Claire’s Stores

Claire’s Stores closed a $50 million credit facility with Botticelli as administrative agent, replacing the multicurrency agreement that closed on September 20, 2016 with HSBC as lender.