Coldwater Creek Creditor Deal Clears Path For Ch. 11 Plan

Law360, Wilmington (July 11, 2014, 4:58 PM EDT) -- Bankrupt retailer Coldwater Creek Inc. announced a settlement Thursday that would bring the creditors committee on board with its Chapter 11 plan, provide over $5 million in additional funds for unsecured creditors and pay secured lenders more than $90 million by the end of the month.

Reached between Coldwater Creek, the official committee of unsecured creditors and the retailer’s prepetition term loan lenders, the fully executed deal resolves a host of looming issues in the Chapter 11 case, according to a motion filed in Delaware bankruptcy...
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