LL Flooring initiates Chapter 11 reorganization, seeks $130m financing, and aims to continue normal operations.
LL Flooring, a major hard-surface flooring retailer, has voluntarily initiated Chapter 11 reorganization in Delaware to pursue a going-concern sale. It aims to continue normal operations while receiving up to $130m debtor-in-possession financing from Bank of America. The company seeks court permission to honour customer commitments and pay vendors and suppliers fully for post-filing transactions.
August 12, 2024
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