Electronics Distributor Gets $50M To Fund Ch. 11 Sale
New Jersey-based ArchBrook and six subsidiaries filed for bankruptcy protection Friday in the midst of a liquidity crisis brought on by excess inventory, leery vendors and a tightened credit facility. The strapped distributor cited $246 million in assets and $176 million in liabilities.
“Given the debtors’ significant liquidity constraints and the difficulty of obtaining long-term...
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