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Big Lots Receives Access to $550MM DIP Financing Led by PNC in First Day Motions Approval

Big Lots received interim court approval for certain “first day’ motions related to the company’s voluntary chapter 11 proceedings. Among other relief, the court granted interim approval for the company to immediately access a portion of its $707.5 million post-petition financing facilities.

Orchard Supply Files Chapter 11, Lowe’s Bids for Assets

Lowe’s has entered into an asset purchase agreement with Orchard Supply Hardware, which filed Chapter 11, in a transaction expected to be consummated under a Section 363 subject to an auction and court approval.

June 17, 2013 asset purchase agreement | Assets Lowe?s Companies | court approval | Orchard Supply | Orchard Supply Hardware ABF Journal

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Tag Archives: court approval

Big Lots Receives Access to $550MM DIP Financing Led by PNC in First Day Motions Approval

Orchard Supply Files Chapter 11, Lowe’s Bids for Assets