Landlords Say Eastern Outfitters DIP Budget Ignores Rent

Law360, New York (March 17, 2017, 4:45 PM EDT) -- Landlords holding leases for Eastern Outfitters LLC retail locations slated for liquidation objected Friday in Delaware bankruptcy court to the company's proposed final post-petition financing order, saying they haven't been given confirmation that the stub rent for those stores will be covered by the debtor-in-possession budget.

The group of landlords holds leases for seven Eastern Mountain Sports locations in the northeastern United States and say that it is working with the debtor and the DIP lenders to ensure that stub rent for February is included in the final budget for the financing package, but they have not been given a firm...

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