Express, Inc. Receives Letter of Intent from Consortium led by WHP Global for Sale of Business
To facilitate the sale process, Express and its subsidiaries have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware.
- To facilitate the sale process, Express and its subsidiaries have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware.
- Express has received a commitment for $35 million in new financing from certain of its existing lenders, subject to court approval.
- “We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives.
- Court filings and other information are available on a separate website administrated by the Company’s claims agent, Stretto, at https://cases.stretto.com/Express .