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Nine West Files Ch. 11 Plan With $200M Stalking Horse Bid

Law360 (April 23, 2018, 9:51 PM EDT) -- Women’s shoe and apparel company Nine West Holdings Inc. has submitted a Chapter 11 plan that aims to chop $900 million from the debtors’ $1.6 billion in prepetition debt through a proposed $200 million sale of its eponymous shoe line and a debt-to-equity swap.

Nine West unveiled the broad contours of the plan, which are still subject to change, in New York bankruptcy court on Friday. Authentic Brands Group has already been announced as the stalking horse bidder in an auction for the debtor’s Nine West...
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