Brief: Nogin Filed Voluntary Petitions To Commence Proceedings Under Chapter 11

Nogin

11/12/2023 22:43

Dec 11 (Reuters) - Nogin Inc  NOGN.O :
    * NOGIN INC - ON DEC 5, 2023 CO AND CERTAIN OF ITS
SUBSIDIARIES
FILED VOLUNTARY PETITIONS TO COMMENCE PROCEEDINGS UNDER CHAPTER
11
    * NOGIN INC - DEBTORS EXPECT THAT BANKRUPTCY COURT WILL
APPROVE
RELIEF SOUGHT IN THE MOTIONS
    * NOGIN INC - ON DECEMBER 8, 2023, CO ENTERED INTO A SENIOR
SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION LOAN AND SECURITY
AGREEMENT
    * NOGIN INC - UNDER DIP FACILITY DEBTORS MAY BORROW UP TO
$24.7
MILLION

Further company coverage:  NOGN.O 

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