If the DIP ABL Facility and the Junior DIP financing are not approved, the Debtors will be forced to immediately liquidate at fire sale prices and tens of thousands of jobs will be lost.
This is where Fast Eddie comes in and opens his fat wallet
2 replies (most recent on top)
Wish they would just jerk the band aid off! Instead of that slow peel. Ugh
Selling everything at fire sale prices with tens of thousands of jobs lost isn't actually any different than what's been going on all year. There's only so many liqudator resources that can be deployed to a X number of stores at any given time.