Brief: LL Flooring Initiates Voluntary Chapter 11 Process

Ll Flooring Holdings

12/08/2024 03:26

Aug 11 (Reuters) - LL Flooring Holdings Inc  LL.N :
    * LL FLOORING INITIATES VOLUNTARY CHAPTER 11 PROCESS
    * LL FLOORING HOLDINGS INC - PURSUING GOING-CONCERN SALE OF
BUSINESS
    * LL FLOORING HOLDINGS INC - SECURES DEBTOR-IN-POSSESSION
FINANCING
    * LL FLOORING HOLDINGS INC - RECEIVED A COMMITMENT FOR
DEBTOR-IN-POSSESSION ("DIP") FINANCING OF UP TO $130 MILLION
    * LL FLOORING HOLDINGS INC- 94 STORES WILL REMAIN OPEN AND
SERVING
CUSTOMERS THROUGH THIS CLOSING PROCESS
    * LL FLOORING - INCREMENTAL LIQUIDITY PROVIDED BY DIP
FINANCING,
COMBINED WITH CASH GENERATED FROM ONGOING OPERATIONS IS EXPECTED
TO SUPPORT BUSINESS
    * LL FLOORING HOLDINGS INC - TO CLOSE 94 STORES

Source text for Eikon:  ID:nBw4fMZ5ba 
Further company coverage:  LL.N 

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