Brief: hhgregg files for chapter 11 reorganization

hhgregg

07/03/2017 02:36

March 6 (Reuters) - Hhgregg Inc  HGGG.PK  
    * Hhgregg files for chapter 11 reorganization 
    * Hhgregg files for chapter 11 reorganization 
    * Hhgregg inc- petitions were filed in U.S. Bankruptcy court 
for Southern district of Indiana 
    * Says has signed a term sheet with an anonymous party to 
purchase assets of company 
    * Says expects a quick and smooth process through chapter 11 
with emergence in approximately 60 days. 
    * Hhgregg inc- hhgregg's 132 store locations will operate in 
ordinary course of business throughout restructuring process 
    * Says 88 stores affected by co's announcement on March 3, 
2017 will continue to operate as previously disclosed in coming 
weeks 
    * Says company has obtained a committed $80 million 
debtor-in-possession ("dip") financing facility 
 
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Further company coverage:  HGGG.PK  
 
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