EAST GREENWICH, R.I., June 10, 2021 /PRNewswire/ –Alex and Ani, LLC (“Alex and Ani” or the “Company”), creators of the iconic charm bangle and affordable meaning based jewelry, today announced that in continuation of its efforts to stabilize its business, the Company has entered into a Restructuring Support Agreement (“RSA”) with its debt holders and equity sponsors regarding a comprehensive financial and operational restructuring. To implement the restructuring, the Company has commenced Chapter 11 proceedings in the United StatesBankruptcy Court for the District of Delaware.
Alex and Ani intends to continue operating its currently open stores and its website as usual during the court-supervised process.
Contemporaneously with the Cha…
Read the full article at: https://www.prnewswire.com/news-releases/alex-and-ani-announces-restructuring-support-agreement-with-its-secured-lenders-and-equity-sponsors-301309948.html