Big Lots also secured $707.5 million in debtor-in-possession financing from its existing lenders, with $35 million in new money lending to keep the business operational during bankruptcy.
Legal Representation and Court Assignment
The case has been assigned to U.S. Bankruptcy Judge J. Kate Stickles. Big Lots is represented by Morris Nichols Arsht & Tunnell LLP and Davis Polk & Wardwell LLP, with legal teams led by attorneys Robert J. Dehney Sr., Andrew R. Remming, Tamara K. Mann, and others.
As Big Lots navigates its Chapter 11 filing, the company will work toward restructuring its debts and securing a sale of its remaining assets, aiming to remain a going concern.
