PNC Business Credit, a division of PNC Bank, National Association, announced the closing of a $175 million senior secured revolving credit facility for Aero Opco LLC, the operating company of Aeropostale, a specialty retailer of casual apparel and...
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June 01, 2018, 07:11 AM
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Bloomberg reported a consortium led by Simon Property Group Inc. and General Growth Properties Inc. won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.The Bloomberg article...
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September 06, 2016, 07:57 AM
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Bloomberg reports that Aeropostale Inc. settled a dispute with lenders that threatened to scuttle a potential bid from a Versa Capital Management unit to buy the teen-clothing chain out of bankruptcy.Versa Capital Fund III is working with Aeropostale...
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August 09, 2016, 07:24 AM
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Reuters reports that bankrupt teen retailer Aeropostale filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a "loan to own” scheme to push the chain into...
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July 25, 2016, 07:54 AM
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Aéropostale, Inc., a specialty retailer of casual apparel for young women and men, today announced that the United States Bankruptcy Court for the Southern District of New York has given final approval for the Company to access $160 million in debtor...
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June 13, 2016, 11:49 AM
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A joint venture between Great American Group (GA) and Tiger Capital Group announced that it has partnered with Aéropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, to facilitate the orderly exit of 113 of its...
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May 13, 2016, 07:46 AM
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Aéropostale, Inc. took the next steps in its ongoing business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company expects...
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May 04, 2016, 08:06 AM
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Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, has signed a commitment letter with Sycamore Partners and its affiliates for a strategic partnership and $150 million in senior secured credit facilities....
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March 14, 2014, 07:14 AM
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