't zal maar gebeuren schreef op 22 november 2018 07:33:
07:29:06 / 22-11-18 Mattress Firm Emerges From Bankruptcy After Restructuring
By Adria Calatayud
Mattress Firm Inc. has emerged from bankruptcy protection after completing a restructuring and securing $525 million in exit financing, parent Steinhoff International Holdings NV. (SNH.JO) said Thursday.
The U.S.'s largest mattress seller, which filed for chapter 11 bankruptcy last month, will exit around 660 underperforming stores, South Africa-based Steinhoff said.
"This short process has enabled Mattress Firm to strengthen its balance sheet and optimize its store footprint, and it emerges as a stronger and more competitive company," Steinhoff's acting Chief Executive Danie van der Merwe said.
Mattress Firm last week won court approval for its bankruptcy plan and is now expected to operate around 2,600 stores.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com(END) Dow Jones Newswires
November 22, 2018 01:29 ET (06:29 GMT)
© 2018 Dow Jones & Company, Inc.
AAND STEINHOFF INTERNATIONAL HOLDING
NL0011375019