ENGLEWOOD, Colo.–(BUSINESS WIRE)–TSA Stores, Inc. (Sports Authority or the Company), an industry
leader in providing a wide assortment of quality, brand-name sporting
goods, announced that today Sports Authority and several of its
affiliates filed voluntary petitions to restructure under Chapter 11 of
the U.S. Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware (the Court). In conjunction with the Chapter 11
filing, the Company expects to have access to up to $595 million in
debtor-in-possession (DIP) financing. Subject to Court approval, the DIP
financing, combined with the Companys cash from operations, is expected
to provide …
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