October 18, 2016
Sports retailer Golfsmith on Monday sought a Delaware judge's permission to obtain $80 million in new bankruptcy loans provided by PNC Bank National Association, saying the new financing will give the company additional time to explore a possible reorganization of the business.
October 17, 2016
Sports retailer Golfsmith International Holdings told a Delaware bankruptcy judge Monday that the company had reached an agreement with lenders on managing over-advances on the company's $135 million debtor-in-possession financing agreement, under terms that include a potential $250,000 penalty.
October 05, 2016
Bankrupt sporting goods retailer Golfsmith International Holdings Inc. received court approval from a Delaware judge Wednesday for its dual-track bidding procedures after reaching agreements with landlords to extend the time for them to review successful bidders.
October 03, 2016
Landlords holding leases for some of sporting goods retailer Golfsmith International Inc.'s store locations objected Monday in Delaware bankruptcy court to the company's planned sale process, saying the compressed timeline proposed doesn't allow for enough time for the landlords to assess the impact on their leases.
September 28, 2016
Bankrupt golf retailer Golfsmith International Inc. likely needs a privacy ombudsman because its asset sales could involve the handoff of customer information that is protected by privacy policies, the U.S. trustee said Wednesday.