Apr
11
Gymboree Is Said to Prepare for Bankruptcy as Payment Looms
By-
Children’s retailer faces June 1 interest payment on bonds
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Lenders may take control of company as part of reorganization
Gymboree Corp., the struggling children’s clothing retailer, is preparing to file for bankruptcy as it faces a June 1 interest payment on its debt, according to people with knowledge of the matter.
The Bain Capital-controlled company is seeking to reorganize its debt load and may transfer control to its lenders, including Searchlight Capital, Brigade Capital Management and Oppenheimer Holdings, said the people, who asked not to be identified because the process isn’t public…
Gymboree Is Said to Prepare for Bankruptcy as Payment Looms
