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David’s Bridal Might File For Bankruptcy To Deal With Debt | National Real Estate Investor

by nreionline.com posted 1month ago 33 views
The chain needs to restructure about $760 million in debt. : (Bloomberg)—David’s Bridal Inc. is making preparations for a bankruptcy filing if the retailer can’t reach an out-of-court deal with its creditors, according to people with knowledge of the matter. The goal is to ease the chain’s debt load of about $760 million with a pre-negotiated restructuring plan either in or out of court, said the people, who asked not to be identified because the discussions are private.