Franchise Group Reaches Agreement with First Lien Lenders to ...
Nov 3, 2024 · Franchise Group, Inc. ("FRG" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with holders of approximately 80% of its first lien debt on a...
B. Riley slumps on warning of bigger hit from Franchise Group ...
Nov 4 (Reuters) - B. Riley Financial's (RILY.O) shares plunged nearly 13% in afternoon trading on Monday after Franchise Group, a retailer backed by the bank, filed for bankruptcy. The bank also ...
B. Riley Financial expects additional impairment after Franchise Group ...
Nov 4, 2024 · Franchise Group's problems have been an issue for B. Riley for months. In August 2023, former Franchise Group CEO Brian Kahn, with help from B. Riley ( RILY ) and others, led a management-led ...
Franchise Group Approved to Borrow $250 Million in Bankruptcy
Nov 6, 2024 · Franchise Group Inc. won temporary court permission to borrow as much as $250 million from its senior lenders in order to keep operating while the bankrupt, brand management firm tries to cut debt and sell itself. Bankruptcy Judge John Dorsey overruled objections from two lower ranking creditors — bond-giant Pacific Investment Management Co. and Irradiant Partners LP — who said they were ...
Franchise Group Reaches Agreement with First Lien Lenders to ...
DELAWARE, Ohio, Nov. 3, 2024 /PRNewswire/ -- Franchise Group, Inc. ("FRG" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with holders of ...
Franchise Group Judge Voices Concern About $750m Loan Request
Nov 5, 2024 · Bloomberg News. Franchise Group must return to bankruptcy court Wednesday in its effort to get approval of a $750 million loan package that the bankrupt owner of Vitamin Shoppe and other retailers claims it needs to reorganize and avoid liquidation. US Bankruptcy Judge John Dorsey declined to immediately approve the financing during a Tuesday ...
B. Riley-Tied Bankruptcy Case Pits Pimco Against HPS, Others (2)
Nov 5, 2024 · Steven Church. Senior creditors to Franchise Group Inc. are fighting their lower-ranked peers over the direction of the brand owner’s bankruptcy case, which kicked off Tuesday with the company’s first appearance in federal court. The company entered Chapter 11 with approximately $2 billion in debt and a plan for senior lenders holding about ...
Franchise Group, Inc. Announces Definitive Agreement to Be …
DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced that it has entered into a definitive agreement...
Franchise Group, Inc. Announces Completion of Merger - Yahoo Finance
DELAWARE, Ohio, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group,” “FRG” or the “Company”), today announced that a buyer group including members of...
Franchise Group’s Kahn Steps Down Amid Hedge Fund Inquiry - Bloomberg.com
Jan 22, 2024 · Brian Kahn is stepping down as chief executive officer of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to a...
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