BARNEYS CONSIDERS BANKRUPTCY LOAN WITH GREAT AMERICAN CAPITAL

According to a new report by BoF, Barneys New York is currently in talks with another lender to acquire financing in the event the high-end retailer decides to file for bankruptcy. This decision could come as early as next week.

New financing would come from specialty finance firm Great American Capital Partners, in addition to existing lenders at TPG Sixth Street Partners and Wells Fargo & Co.

“The Barneys New York board and management continue to work constructively and collaboratively with a number of parties and are committed to reaching a mutually agreeable resolution to strengthen our business,” according to a company statement.

 

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