Retailer 99 Cents Can Tap $60.8M DIP For Ch. 11 Winddown

By Clara Geoghegan · April 10, 2024, 6:31 PM EDT

99 Cents Only can access $20.5 million of its Chapter 11 financing package, a Delaware bankruptcy judge ruled Wednesday, after attorneys for the discount retail chain resolved a handful of objections...

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Bankruptcy Scorecard

Summary

Discount store 99 Cents Only and five affiliates filed for bankruptcy in Delaware with more than $1 billion in debt, days after announcing plans to wind down operations and close its 371 stores.

Case Number

1:24-bk-10719

Judge

Kate Stickles

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Between $1 billion and $10 billion in liabilities

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Related Sections

Case Information

Case Title

Number Holdings, Inc.

Case Number

1:24-bk-10719

Court

Delaware

Nature of Suit

Date Filed

April 07, 2024

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