This chapter provides an analysis of the Chapter 11 filings of J. Crew and Neiman Marcus, focusing on J. Crew's financial strategies amidst the COVID-19 pandemic. It details their agreements with lenders, projected sales losses, and the legal context of their bankruptcy proceedings.
The Americas Core Credit team at Reorg takes a look back at the past week and previews what's to come in the week ahead, and director of credit research Mark Fischer and distressed debt legal analyst Sean Daly discuss how companies can navigate through the Chapter 11 process with limited sources of financing.
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