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| + | == cheap jordans free shipping Teen Retailer Wet Seal == | ||
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| + | of Thursday.< p> | ||
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| + | <p class="paragraph" data-pnum="7">The retailer said that it has arranged a $20 million term loan facility through B. Riley Financial Inc. to help it stay in business, including paying its vendors and landlords. That funding still needs to be approved by the U.S. Bankruptcy Court for the District of Delaware.< p> | ||
| + | <p class="paragraph" data-pnum="8">The agreement would make B. Riley the majority stockholder of Wet Seal once the retailer reorganizes and exits bankruptcy protection,<a href=" " target="_blank">< a>.< p> | ||
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| + | <p class="paragraph" data-pnum="9">Wet Seal also expects to continue to fund its operations with available cash and cash generated during the Chapter 11 cases,<a href=" " target="_blank">amass denver< a>.< p> | ||
| + | <p class="paragraph" data-pnum="10">Wet Seal estimates its assets to be between $10 million and $50 million, according to its bankruptcy filing. Liabilities are estimated between $100 million and $500 million. The company's largest creditor is Hudson Bay Master Fund Ltd. Other big creditors are primarily its shopping-mall landlords.< p> | ||
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| + | <p class="paragraph" data-pnum="11">Wet Seal said it had about $31 million in cash on its balance sheet as of Monday,air jordans for cheap.< p> | ||
| + | <p class="paragraph" data-pnum="12">Shares of the company tumbled nearly 52 percent in premarket trading Friday,<a href=" " target="_blank">cheap jordans< a>. Companies' common stock often becomes worthless in a bankruptcy reorganization<ul> | ||
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