"Express Prepares For Debt Restructuring And Possible Bankruptcy Within Weeks; In Discussions With Lenders On Last-Minute Out-Of-Court Debt Options; Hired Adviser M3, Law Firm Kirkland & Ellis For Restructuring, Sources Say" - WSJ
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Express Inc. is reportedly preparing for debt restructuring and potentially filing for bankruptcy in the coming weeks. The company is in talks with lenders about last-minute out-of-court debt options and has engaged M3 Partners and law firm Kirkland & Ellis for restructuring advice.
February 12, 2024 | 8:55 pm
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Express Inc. is considering debt restructuring and possible bankruptcy, indicating financial distress. The company is seeking out-of-court debt solutions and has hired M3 Partners and Kirkland & Ellis for advice.
The news directly involves Express Inc. and its financial health, indicating a high level of distress that could lead to bankruptcy. This situation is likely to negatively impact investor confidence and the company's stock price in the short term, as bankruptcy considerations and debt restructuring talks usually signal significant financial instability.
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