David’s Bridal reportedly weighing Chapter 11 filing

Press enter to search
Close search
Open Menu

David’s Bridal reportedly weighing Chapter 11 filing

By CSA Staff - 11/06/2018
A heavy debt load is putting pressure on David’s Bridal.

The bridal apparel retailer is making preparations for a bankruptcy filing if it can’t reach an out-of-court deal with its creditors, reported mysantonio.com, citing a Bloomberg report. David’s Bridal has a debt load of about $760 million which it is looking to ease with a pre-negotiated restructuring plan either in or out of court, the report said.

"We are engaged in discussions with our lenders in order to reach a mutually agreed-upon resolution designed to strengthen our balance sheet so we can increase our financial flexibility and further invest in our business," a representative for David's said in a statement emailed to Bloomberg.

Click here to read more.

Related Topics