Big Lots announced that it does not anticipate completing its previously announced asset purchase agreement with Nexus Capital Management, though it continues to work toward completing an alternative going concern transaction with Nexus or another...
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December 20, 2024, 08:17 AM
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Gordon Brothers agented a $150 million debtor-in-possession (DIP) term loan for Big Lots. The U.S. closeout retailer focused on value will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings to support the going-concern sale and...
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October 29, 2024, 08:08 AM
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Big Lots received interim Court approval for certain "first day" motions related to the Company's voluntary Chapter 11 proceedings.Among other relief, the Court granted interim approval for the Company to immediately access a portion of its $707.5...
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September 12, 2024, 08:00 AM
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Big Lots has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP, pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing business operations. To facilitate the...
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September 09, 2024, 08:02 AM
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Gordon Brothers agented a $200 million delayed draw term loan for Big Lots Inc. The U.S. home discount retailer of general merchandise will use the loan’s delayed draw feature to execute on strategic initiatives with the remaining amount to draw upon...
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April 25, 2024, 07:40 AM
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Big Lots has increased its borrowing capacity by up to $200 million with a new "first in, last out" term loan facility (the "FILO Term Loan Facility") through 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Capital. The FILO Term Loan Facility...
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April 19, 2024, 07:56 AM
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PNC Bank closed a $900 million senior secured credit facility for Big Lots, Inc. PNC served as Administrative Agent for the facility and PNC Capital Markets LLC served as Joint Lead Arranger and Joint Bookrunner.“Big Lots has been a long-time client...
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October 21, 2022, 08:00 AM
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