BRIEF-Container Store Group Says Filed For Voluntary Protection Under Chapter 11 Of U.S. Bankruptcy Code

Reuters12:27
BRIEF-Container Store Group Says Filed For Voluntary Protection Under Chapter 11 Of U.S. Bankruptcy Code

Dec 22 (Reuters) - Container Store Group Inc TCSG.PK:

  • THE CONTAINER STORE TO EXECUTE COMPREHENSIVE RECAPITALIZATION TRANSACTION WITH LENDER SUPPORT TO BEST POSITION THE COMPANY FOR FUTURE SUCCESS

  • CONTAINER STORE GROUP INC: COMMITMENT FOR $40MM OF NEW MONEY

  • CONTAINER STORE GROUP INC: FILED FOR VOLUNTARY PROTECTION UNDER CHAPTER 11 OF U.S. BANKRUPTCY CODE IN UNITED STATES BANKRUPTCY COURT

  • CONTAINER STORE GROUP INC: EXPECTS TO CONFIRM A PLAN OF REORGANIZATION WITHIN 35 DAYS AND EMERGE SHORTLY THEREAFTER

  • CONTAINER STORE GROUP INC: STORES AND WEBSITE WILL CONTINUE TO OPERATE AS NORMAL

  • CONTAINER STORE GROUP INC: CHAPTER 11 PROCESS DOES NOT INCLUDE COMPANY'S ELFA BUSINESS IN SWEDEN,

  • CONTAINER STORE GROUP INC - CONTAINER STORE WILL EMERGE AS A PRIVATE COMPANY, UNDER OWNERSHIP OF ITS TERM LOAN LENDERS

Source text: ID:nBwb6lHc5a

Further company coverage: TCSG.PK

((Reuters.Briefs@thomsonreuters.com;))

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