Payless ShoeSource has successfully emerged from its Chapter 11 restructuring after eliminating in excess of $435 million in funded debt. In April, Cortland Partners agented $80 million in term loans to support the company’s eventual exit from Chapter 11.
August 11, 2017
Payless ShoeSource filed a petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Missouri. Wells Fargo is serving as administrative agent for $385 million DIP financing.
April 6, 2017