To support its restructuring efforts, LL Flooring has secured a debtor-in-possession loan of up to $130 million from its prepetition secured lenders, according to court filings. This financing will allow the company to maintain operations and continue paying employees and suppliers during the bankruptcy process.
LL Flooring Files for Bankruptcy : Future of LL Flooring
As LL Flooring navigates bankruptcy, the company’s focus will be on stabilizing its financial situation, reducing its retail presence, and identifying potential buyers for its remaining business. The outcome of the bankruptcy proceedings will determine whether the company can emerge as a leaner, more sustainable entity or if it will ultimately be liquidated.
