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99 Cents Beats Creditor Objection To Get OK On $61M DIP

By Alex Wittenberg · May 8, 2024, 7:08 PM EDT

A Delaware bankruptcy judge on Wednesday approved discount store 99 Cents Only's full $60.8 million Chapter 11 financing deal after rejecting a group of noteholders' objection to the relief, finding an...

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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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