Thrasio Holdings Inc., a major Amazon seller, filed for Chapter 11 bankruptcy to reduce its $495M debt and secured emergency funding.
Thrasio Holdings Inc., a major Amazon seller, filed for Chapter 11 bankruptcy to reduce its massive $495M debt. The company secured up to $90M in emergency funding from existing lenders and entered a restructuring support agreement. Thrasio plans to maintain wages for employees and suppliers during the process, aiming to emerge with a strengthened balance sheet and new capital to better support its brands and growth.
February 28, 2024
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