The Deal: Francesca’s Will Sell Assets in Bankruptcy

12월 08, 2020

O’Melveny advised clothing store Francesca’s Holdings Corp. in its Chapter 11 bankruptcy case. The publication reported the company secured a US$17 million stalking horse bid from TerraMar Capital LLC for its assets and plans to evaluate that offer with an auction in early 2021.

Additionally, the company has requested access to US$25 million in bankruptcy financing to fund its case.

The O’Melveny team that advised Francesca’s included partners Maria DiConza and Joseph Zujkowski, and senior counsel Diana M. Perez.

The Deal subscribers can read the full article here.