J.Crew Group Inc., the preppy U.S. merchant that recently fell on hard times, Monday submitted for bankruptcy protection, as numerous high-profile business in the U.S. battle with the economic and financial impact of the coronavirus pandemic.
The retailer said it has reached a contract with its loan providers to restructure its financial obligation, under which the lenders have actually agreed to transform $1.
source https://jobsearchtips.net/j-crew-files-for-insolvency-defense-reaches-debt-swap-offer/
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