Tuesday Morning Announces Successful Completion of Rights Offering
In accordance with the terms of the Company's Plan of Reorganization, all proceeds from the Rights Offering will be used to make payments of the claims of general unsecured creditors in the Chapter 11 Cases.
- In accordance with the terms of the Company's Plan of Reorganization, all proceeds from the Rights Offering will be used to make payments of the claims of general unsecured creditors in the Chapter 11 Cases.
- "Thank you to our shareholders for their support and the confidence they have shown in Tuesday Morning's future, as well as to Osmium Partners and Tensile Capital Management for backstopping this successful rights offering.
- This capital gives us the ability to fulfill our obligations to the general unsecured creditors," commented Steven Becker, CEO of Tuesday Morning.
- The Rights Offering was the final component of the Company's exit financing under the Company's Plan of Reorganization.